To save for the replacement of a computer, a business deposits $150 at the end of each month into an account that earns 7% annual interest compounded monthly. Find the future value of the ordinary annuity in 4 years. (Round you answer to the nearest cent.)

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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future value of the ordinary annuity in 4 years. (Round you
To save for the replacement of a computer, a business deposits $150 at the end of each month into an account that earns 7% annual interest compounded monthly. Find
answer to the nearest cent.)
$
Transcribed Image Text:future value of the ordinary annuity in 4 years. (Round you To save for the replacement of a computer, a business deposits $150 at the end of each month into an account that earns 7% annual interest compounded monthly. Find answer to the nearest cent.) $
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