Suppose you start an annuity where you invest $2,000 at the beginning of each year and 4% interest is paid at the end of the year. what is the value of the annuity at the end of 5 years, rounded to the nearest dollar? it is $

It is $2433.31

Step-by-step explanation:

You start an annuity of $2000 at the rate of interest 4% annually for 5 years.

we use the formula of compound interest.

A = P

where P = Principal

r = rate of interest

t = time in years

n = number of times compounded per year

P = 2000

r = 4% or 0.04

t = 5 years

n = 1 compounded yearly

= 2433.305805 ≈ $2433.31

The value of the annuity at the end of 5 year would be $2433.31

1.true 2.false? ? i think. .

step-by-step explanation:

step-by-step explanation: 4 cause 2+2=4