Use the ordinary annuity formula After 15 years, you will have approximately $. nt (Round to the nearest cent as needed.) 1+ - 1 A = r to determine the accumulated amount in the annuity. Periodic Deposit Rate Time $3000 at the end of each year 5.5% compounded annually 15 years

Trigonometry (11th Edition)
11th Edition
ISBN:9780134217437
Author:Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels
Publisher:Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels
Chapter1: Trigonometric Functions
Section: Chapter Questions
Problem 1RE: 1. Give the measures of the complement and the supplement of an angle measuring 35°.
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Use the ordinary annuity formula
After 15 years, you will have approximately $
nt
(Round to the nearest cent as needed.)
+ –
- 1
A =
r
n
to determine the accumulated amount in the annuity.
Periodic
Deposit
Rate
Time
$3000 at the end of each year
5.5% compounded annually
15 years
Transcribed Image Text:Use the ordinary annuity formula After 15 years, you will have approximately $ nt (Round to the nearest cent as needed.) + – - 1 A = r n to determine the accumulated amount in the annuity. Periodic Deposit Rate Time $3000 at the end of each year 5.5% compounded annually 15 years
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