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Use the ordinary annuity formula shown to the right to determine the accumulated amount in the annuity if $90 is invested semiannually for 30 years at 4.5% compounded semiannually. The accumulated amount will be $ (Round to the nearest cent as needed.). A = (A) r n nt 1

Use the ordinary annuity formula shown to the right to determine the accumulated amount in the annuity if $90 is invested semiannually for 30 years at 4.5% compounded semiannually. The accumulated amount will be $ (Round to the nearest cent as needed.). A = (A) r n nt 1

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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Use the ordinary annuity formula shown to the right to determine the accumulated amount in the annuity if $90 is invested semiannually for 30 years at 4.5% compounded semiannually. The accumulated amount will be $ (Round to the nearest cent as needed.) A = -le n nt
Transcribed Image Text:Use the ordinary annuity formula shown to the right to determine the accumulated amount in the annuity if $90 is invested semiannually for 30 years at 4.5% compounded semiannually. The accumulated amount will be $ (Round to the nearest cent as needed.) A = -le n nt
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