thecamcam07 thecamcam07

06-05-2020
Mathematics

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Michael invests $2000 in an annuity that offers an interest rate of 4%
compounded quarterly for 5 years. What is the value of Michael's investment
after 5 years?

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evelynescobar879 evelynescobar879

06-05-2020

Answer: $2440.38

Step-by-step explanation:

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