Alfred invest $60 a month in annuity that earns 4% apr and is compounded monthly .what is the future value of alfreds accoint in five years

$934.30

Step-by-step explanation:

We have been given that Alfred invest $60 a month in annuity that earns 4% APR and is compounded monthly. We are asked to find the future value of Alfred's account after 5 years.

, where,

,

,

.

Therefore, the future value of Alfred's account in 5 years would be $934.30.

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step-by-step explanation:

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step-by-step explanation: