SOLUTION: Tom and Katie were recently married and want to take a cruise. To do so, the couple needs to save $20,000. They plan to invest $3,000 at the end of each year for the next six years
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Question 633348: Tom and Katie were recently married and want to take a cruise. To do so, the couple needs to save $20,000. They plan to invest $3,000 at the end of each year for the next six years to earn 9% compounded annually. What is the future value of annuity? Answer by rfer(16322) (Show Source):
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