SOLUTION: Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.) $450/month for 18 years at 2%/year compounded monthly

SOLUTION: Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.) $450/month for 18 years at 2%/year compounded monthly

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Question 1113150: Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.)
$450/month for 18 years at 2%/year compounded monthly
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
.

 dollars.

See the lesson
- Ordinary Annuity saving plans and geometric progressions
in this site.

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