Four equal annual payments of 5,000 are to be made into a deposit account that pays 8% per year. What is future value of this annuity at end of 4 years (FVIFA @ 8% for 4 years 4.5061)?
Four equal annual payments of 5,000 are to be made into a deposit account that pays 8% per year. What is future value of this annuity at end of 4 years (FVIFA @ 8% for 4 years 4.5061)?
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