tinasidell1972
20.09.2020 •
Mathematics
Find the Future Value of Annuity...
Joe and Susan are both 40 years old and hope to have enough money saved to retire by the time they’re 65. They deposit $6,000 each year into an account that pays 4% interest compounded annually.
Use the 'Future Value of Annuity' formula to find out the account balance in 25 years.
Then, find the total interest earned.
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