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28 March, 00:38

Andrew invests $9,000 at the end of each year for 20 years. The rate of interest Andrew gets is 8% annually. Using the tables found in the textbook, determine the final value of Andrew's investment at the end of the twentieth year on this ordinary annuity.

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  1. 28 March, 00:46
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    At the end of the 20 years, Andrew receives $41,948.61
  2. 28 March, 00:51
    0
    Andrew invests $9,000 at the end of each year for 20 years. The rate of interest Andrew gets is 8% annually. Using the tables found in the textbook, determine the final value of Andrew's investment at the end of the twentieth year on this ordinary annuity.

    R / $411,858
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