#7 – Ordinary annuities

#7 – Ordinary annuities

Latanya Brown established an ordinary annuity of $2,000 annually at 8% annual interest. What is the future value of the annuity after 15 years?

How much of her own money will Latanya have invested during this time period?

What is the future value of the annuity after 15 years?

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How much of her own mone…

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