a. Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit $1000 at the end of each year Rate Time 7% compounded annually 30 years Click the icon to view some finance formulas. ..... a. The value of the annuity is $: (Do not round until the final answer. Then round to the nearest dollar as needed.)

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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a. Use the appropriate formula to find the value of the annuity.
b. Find the interest.
Periodic Deposit
$1000 at the end of each year
Rate
Time
7% compounded annually
30 years
Click the icon to view some finance formulas.
.....
a. The value of the annuity is $:
(Do not round until the final answer. Then round to the nearest dollar as needed.)
Transcribed Image Text:a. Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit $1000 at the end of each year Rate Time 7% compounded annually 30 years Click the icon to view some finance formulas. ..... a. The value of the annuity is $: (Do not round until the final answer. Then round to the nearest dollar as needed.)
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