invest in an ordinary annuity $3000 annually at 7% annual interest. What is the future value of the annuity at the end of five years? How much have you invested? How much interest has your annuity earned? The future value is $________ The total investment was $__________ and the earned interest was $_______

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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you invest in an ordinary annuity $3000 annually at 7% annual interest. What is the future value of the annuity at the end of five years? How much have you invested? How much interest has your annuity earned?

The future value is $________

The total investment was $__________ and the earned interest was $_______

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