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Mathematics 17 Online
OpenStudy (anonymous):

Jessica deposits $5,000 at the end of each year in an account earning 2.45% interest, compounded annually. What is the future value of this annuity after 5 years of investing?

OpenStudy (slaaibak):

\[PV = 5000 \times {{1.0245^5 -1} \over {0.0245}}\]

OpenStudy (slaaibak):

Sorry, meant FV, not PV

OpenStudy (anonymous):

Thanks!

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