Mathematics, 23.11.2020 20:50 nathanbrockdac

To save money for a sabbatical to earn a master's degree, Henry deposits $2100 at the end of each year in an annuity that pays %6.5 compounded annually. Use the formula for the value of an annuity, shown to the right. a. How much will he have saved at the end of 6 years?
b. Find the interest.

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To save money for a sabbatical to earn a master's degree, Henry deposits $2100 at the end of each year in an annuity that pays %6.5 compounded annually. Use the formula for the value of an annuity, shown to the right. a. How much will he have saved at the end of 6 years? b. Find the interest.

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Another question on Mathematics

To save money for a sabbatical to earn a master's degree, Henry deposits $2100 at the end of each year in an annuity that pays %6.5 compounded annually. Use the formula for the value of an annuity, shown to the right. a. How much will he have saved at the end of 6 years?
b. Find the interest.