Andrew invests $9,000 at the end of each year for 20 years. The rate of interest Andrew gets is 8% annually. Using the tables fo und in the textbook, determine the final value of Andrew's investment at the end of the twentieth year on this ordinary annuity.
2 answers:
Andrew invests $9,000 at the end of each year for 20 years. The rate of interest Andrew gets is 8% annually. Using the tables found in the textbook, determine the final value of Andrew's investment at the end of the twentieth year on this ordinary annuity.
R/ $411,858
At the end of the 20 years, Andrew receives $41,948.61
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Answer:
A
Step-by-step explanation:
