Find the value of the annuity and the interest. Round to the nearest dollar. Periodic Deposit: $100 at the end of each year Rate: 4% compounded annually Time: 9 years O $1058; $158 O $3558; $2658 O $342; $558 O $921; $21

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 5E
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Find the value of the annuity and the
interest. Round to the nearest dollar.
Periodic Deposit: $100 at the end of
each year
Rate: 4% compounded annually
Time: 9 years
$1058; $158
$3558; $2658
$342; $558
O $921; $21
Transcribed Image Text:Find the value of the annuity and the interest. Round to the nearest dollar. Periodic Deposit: $100 at the end of each year Rate: 4% compounded annually Time: 9 years $1058; $158 $3558; $2658 $342; $558 O $921; $21
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