haydenjalvarez haydenjalvarez

16-10-2022
Mathematics

Answered

To save money for her son's college tuition, Rita invests $1011 every year in an annuity that pays 6% interest, compounded annually. Payments will be made at
the end of each year. Find the total value of the annuity in 22 years.
Do not round any intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas.

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