An executive prepares for retirement by depositing $2500 into an annuity each year for 10 years. The annuity earns 5.7% per year. Find the future value of the annuity at the end of 10 years. (Round your final answer to two decimal places.)

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
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An executive prepares for retirement by depositing $2500 into an annuity each year for 10 years. The annuity earns 5.7% per year. Find the future value of the annuity at the end of 10 years. (Round your final answer to two decimal places.) 

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