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8 July, 08:48

Suppose you start an annuity where you invest $2,000 at the beginning of each year and 4% interest is paid at the end of the year. What is the value of the annuity at the end of 5 years, rounded to the nearest dollar? It is $

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  1. 8 July, 09:11
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    Year 1 $2080

    year 2 $2163.20

    year 3 $2249.73

    year 4 $2339.72

    year 5 $2433.31

    Value at end of year 5 = $2433
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