2. An amount of $800 is invested at the end of each month for 12 months into an account that pays 3% per year, compounded monthly. Use a TVM Solver to determine the future value of this annuity. a. $9733.11 b. $9445.80 c. $11 353.62 d. $9888.00

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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C.
2. An amount of $800 is invested at the end of each month for 12 months into an account that pays
compounded monthly. Use a TVM Solver to determine the future value of this annuity.
3%
per year,
$9733.11
b. $9445.80
c. $11 353.62
d. $9888.00
a.
Transcribed Image Text:C. 2. An amount of $800 is invested at the end of each month for 12 months into an account that pays compounded monthly. Use a TVM Solver to determine the future value of this annuity. 3% per year, $9733.11 b. $9445.80 c. $11 353.62 d. $9888.00 a.
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