SOLUTION: Determine the amount of the ordinary annuity at the end of the given period. (See Example 3. Round your final answer to two decimal places.) $14,000 deposited annually at 6% for 1

SOLUTION: Determine the amount of the ordinary annuity at the end of the given period. (See Example 3. Round your final answer to two decimal places.) $14,000 deposited annually at 6% for 1

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Question 1194575: Determine the amount of the ordinary annuity at the end of the given period. (See Example 3. Round your final answer to two decimal places.)
$14,000 deposited annually at 6% for 18 years
$

Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
Future=m{(1+r)^18-1/r}
=14000(1.06^18-1)/0.06
=$432,679.14, round at end.
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