cschirman cschirman

16-10-2020
Mathematics

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Thomas deposits $1,000 in an ordinary annuity at the end of each month in an account that earns 3% interest compounded monthly. What is the future value of the annuity in 12 years? How much interest will Thomas have earned in the 12 years?

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parrishchris35 parrishchris35

18-10-2020

Answer:

360

Step-by-step explanation:

take 3% and × 1000 then the answer from that × by 12

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