document.write( "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? \n" ); document.write( "
Algebra.Com's Answer #398826 by rfer(16322) ![]() You can put this solution on YOUR website! Use Excel for this calculation. \n" ); document.write( "=FV(0.09,6,3000) \n" ); document.write( "answer $22,570 \n" ); document.write( " |