Please help me with this sum
1 answer:
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Answer:
"$ 2,880" is the right answer.
Step-by-step explanation:
The given values are:
Annual deposit,
PV = $1,800
Interest rate,
r = 2%
or,
= 0.02
As we know,
⇒
On substituting the values, we get
⇒
⇒
⇒
⇒ ($)
