Formula for the Future Value of an Annuity
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Future value of annuity
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Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 9 % / year compounded monthly. If the future value of the annuity after 10 yr is 60,000, what was the size of each payment? | Numerade
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Present Value of an Annuity: Meaning, Formula, and Example
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