Mathematics, 12.09.2021 02:20 evryday2285
Find the value of the ordinary annuity at the end of the indicated time period. The payment R, frequency of deposits m (which is the same as the frequency of compounding), annual interest rate r, and time t are given below.
Amount, $400;
monthly; 3%;
4 years
The future value of the given annuity is $
(round to the nearest cent)
Answers: 2
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