Mr. Smith wants to save for his retirement by making regular monthly deposits into an...
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Finance
Mr. Smith wants to save for his retirement by making regular monthly deposits into an ordinary simple annuity. he plans to deposits $500 at the end of each month for 20 years. if the annuity offers an annual interest rate fo 6%, compounded monthly, calculate the future value of Mr. Smith's annuity after 20 years.
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