If you invest $900 per year in an ordinary annuity where interest is not taxed, what will be of the amount of the annuity for each interest rate for a 10 year time period at 5% 7% 9% 11% 13%
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In each of these cases we have to evaluate the future value of the annuity
It is given by the formula
Here the A=$900
r=rate of interest.
a)When r=5% =.05
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