Answered

Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Discover the answers you need from a community of experts ready to help you with their knowledge and experience in various fields. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

2. Ozzie Foster deposits $2,000 at the end of each year (ordinary annuity) into an Individual Retirement
Account at Bishop Bank. The account pays 7% compounded annually. a) How much will be in the account
in 25 years? b) If Ozzie haddeposited the $2,000 at the beginning of each year (annuity due), how much
would be in the account in 25 years?

Sagot :

Answer:

250.000$

Step-by-step explanation:

so you multiple 2.000 by 25

Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.