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Suppose $2800 is invested annually into an annuity that earns %7 interest. If P dollars are invested annually at an interest rate of r, the value of the annuity after n years is given by the following equation. W=P[(1+r)^n-1/r] How much is the annuity worth after 14 years?
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Suppose $2800 is invested annually into an annuity that earns %7 interest. If P dollars are invested...
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