Find the amount of an annuity if $220/month is paid into it for a period of 20 years, earning interest at the rate of 8%/year compounded continuously. (Round your answer to two decimal places.) $
Find the amount of an annuity if $220/month is paid into it for a period of 20 years, earning interest at the rate of 8%/year compounded continuously. (Round your answer to two decimal places.) $
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 26E
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Find the amount of an annuity if $220/month is paid into it for a period of 20 years, earning interest at the rate of 8%/year compounded continuously. (Round your answer to two decimal places.)
$
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