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Find the future value for the ordinary annuity with the given payment and interest rate. PMT = $2,200; 1.90% compounded monthly for 5 years. ... The future value of the ordinary annuity is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

Find the future value for the ordinary annuity with the given payment and interest rate. PMT = $2,200; 1.90% compounded monthly for 5 years. ... The future value of the ordinary annuity is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

Advanced Engineering Mathematics
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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Find the future value for the ordinary annuity with the given payment and interest rate. PMT = $2,200; 1.90% compounded monthly for 5 years. The future value of the ordinary annuity is $. (Do not round until the final answer. Then round to the nearest cent as needed.)
Transcribed Image Text:Find the future value for the ordinary annuity with the given payment and interest rate. PMT = $2,200; 1.90% compounded monthly for 5 years. The future value of the ordinary annuity is $. (Do not round until the final answer. Then round to the nearest cent as needed.)
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