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(52776) About Me  (Show Source):
You can put this solution on YOUR website!
.
450%2A%28%281%2B0.02%2F12%29%5E%2812%2A18%29-1%29%2F%28%280.02%2F12%29%29 dollars.

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