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$600 deposited at the end of each year for 10 years at 4.25% compounded annually.

 Apr 19, 2021
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Future value of ordinary annuity ( payments at end of period)

 

FV = pmt * [  ((1+i)n -1 )/ i ]     

                                                 i = decimal interest per period = .0425       pmt = $ 600      n = periods = 10 

 

Plug in those numbers and see what you calculate for FV.....

 Apr 19, 2021

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