Mathematics, 12.10.2021 09:30 ketabug50
43. Ozzie Foster deposits $2,000 at the end of each year (Ordinary annuity) into an Individ-
ual Retirement Account at Boise Bank. The account pays 7% compounded annually. (a)
How much will be in the account in 25 years? (b) If Ozzie had deposited the $2,000 at the
beginning of each year (Annuity due), how much would be in the account in 25 years?
Answers: 3
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43. Ozzie Foster deposits $2,000 at the end of each year (Ordinary annuity) into an Individ-
ual...
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