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Mathematics, 18.10.2020 05:01 katiedelgadillo

Thomas deposits $1,000 in an ordinary annuity at the end of each month in an account that earns 3% interest compounded monthly. What is the future value of the annuity in 12 years? How much interest will Thomas have earned in the 12 years?

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Thomas deposits $1,000 in an ordinary annuity at the end of each month in an account that earns 3% i...
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