Posted: July 31st, 2022

The following describes the conditions of an ordinary annuity, with interest compounded with each payment and payments made at the end of the compounding period

The following describes the conditions of an ordinary annuity, with interest compounded with each payment and payments made at the end of the compounding period. Find the accumulated amount of the annuity. $1000 monthly payments at 7.9% for 10 years

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