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PMT= $2,400; 1.85% compounded monthly for 5 years. ... The future value of the ordinary annuity is $ 150,748.56. (Do not round until the final answer. Then round to the nearest cent as needed.)

PMT= $2,400; 1.85% compounded monthly for 5 years. ... The future value of the ordinary annuity is $ 150,748.56. (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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K Find the future value for the ordinary annuity with the given payment and interest rate. PMT= $2,400; 1.85% compounded monthly for 5 years. The future value of the ordinary annuity is $ 150,748.56. (Do not round until the final answer. Then round to the nearest cent as needed.) 58°F Cloudy Next C J
Transcribed Image Text:K Find the future value for the ordinary annuity with the given payment and interest rate. PMT= $2,400; 1.85% compounded monthly for 5 years. The future value of the ordinary annuity is $ 150,748.56. (Do not round until the final answer. Then round to the nearest cent as needed.) 58°F Cloudy Next C J
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