Use the simple interest formula method to calculate the future value of an annuity with annual annuity payments of $1200 at 4% interest for 20 years.

asked Jul 10, 2023 199k views

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13 votes

Answer:

Explanation:

A = $2,629.35
A = P + I where
P (principal) = $1,200.00
I (interest) = $1,429.35

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