Suppose $1,500 is deposited at the end of each year for the next 6 years in an account paying 8% interest compounded annually. Find the future value of this annuity. (In other words, how much will be in the account at the end of the 6 years.)

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11-06-2024
Business

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Suppose $1,500 is deposited at the end of each year for the next 6 years in an account paying 8% interest compounded annually. Find the future value of this annuity. (In other words, how much will be in the account at the end of the 6 years.)

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