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Homework answers / question archive / In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period

In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period.

Find the accumulated amount of the annuity. (Round your answer to the nearest cent.)

$1000 monthly at 6.4% for 20 years.

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