November 29, 2015

Homework Help: math

Posted by Jennifer on Tuesday, June 24, 2014 at 7:09pm.

James has set up an ordinary annuity to save for his retirement in 18 years. If his monthly payments are $225 and the annuity has an annual interest rate of 8% compounded monthly, what will be the value of the annuity when he retires?

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