SOLUTION: An executive prepares for retirement by depositing $4500 into an annuity each year for 20 years. The annuity earns 5.7% per year. Find the future value of the annuity at the end of

Algebra.Com
Question 1127919: An executive prepares for retirement by depositing $4500 into an annuity each year for 20 years. The annuity earns 5.7% per year. Find the future value of the annuity at the end of 20 years. (Round your final answer to two decimal places.)
Answer by ikleyn(52858)   (Show Source): You can put this solution on YOUR website!
.

            I just solved two TWIN problems under these links

https://www.algebra.com/algebra/homework/Finite-and-infinite-sets/Finite-and-infinite-sets.faq.question.1127929.html

            and

https://www.algebra.com/algebra/homework/Finite-and-infinite-sets/Finite-and-infinite-sets.faq.question.1127917.html


Consider it as your TEMPLATES.

Read them attentively, and then solve the current problem in the same way.



RELATED QUESTIONS

An executive prepares for retirement by depositing $4000 into an annuity each year for 10 (answered by Theo)
To save for retirement, Karla Harby put $550 each month into an ordinary annuity for 14... (answered by robertb)
You are working for a finance firm and a client comes to you and wants to know how much... (answered by Theo)
1. Mike’s Sport Shop deposits $3,600 at the end of each year for 12 years at 7% annual... (answered by edward d,Hyot)
To save for​ retirement, Karla Harby put ​$550 each month into an ordinary... (answered by Theo)
You plan to work for 40 years and then retire using a 25-year annuity. You want to... (answered by ikleyn)
Evelyn starts a retirement fund 10 years before retirement. She pays $100 per month into... (answered by ikleyn)
Eugene began to save for his retirement at age 20, and for 10 years he put $ 550 per... (answered by ikleyn)
Here is my problem...For the past three years, you've spent $12 each week on lottery... (answered by ccs2011)