A worker established an ordinary annuity with regular payment of $10000 compounded annually at an annual rate of 8.5% for 17 years. What is the future value of the annuity?  S=$  How much did the worker contribute to the annuity?  $  How much interest did the worker earn at the end of the annuity?  $

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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A worker established an ordinary annuity with regular payment of $10000 compounded annually at an annual rate of 8.5% for 17 years.
  1. What is the future value of the annuity? 
    S=$ 
  2. How much did the worker contribute to the annuity? 
    $ 
  3. How much interest did the worker earn at the end of the annuity? 
    $ 
     
 

 

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