Homework Answers
Ans $2397.36
| P = | Periodic payments |
| r = | rate of interest |
| n = | no of years |
| Future Value of Annuity = | P ( (1 + r)n - 1 ) / r |
| 70* ((1 + 4%)^22 - 1) / (4%) | |
| 2397.36 |
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