What is the future value at the time of the last payment of an annuity of 26 annual payments where the first payment is in one year and each payment is $3,279? Assume a rate of 14%. Answer to the nearest dollar amount.
Added by Vicente T.
Step 1
14, and the number of periods (n) is 26 years. Substituting these values into the formula, we get: Show more…
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