Future Value of an Annuity: The table for future value annuity helps find the amount receivable at the end of a period of Investing “x” amount at a particular rate. Requirement To Understand: Amount accumulated by Kelly Malone at the end of 2.5 Years, on making a monthly investment of $50 @12% per annum.

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Chapter B, Problem 16E

To determine

Concept Introduction:

Future Value of an Annuity: The table for future value annuity helps find the amount receivable at the end of a period of Investing “x” amount at a particular rate.

Requirement

To Understand:

Amount accumulated by Kelly Malone at the end of 2.5 Years, on making a monthly investment of $50 @12% per annum.

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