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A = (8000(1+0.03)(30)−1)/ 0.03 0.03

 May 7, 2023
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A = 8000 * [(1+0.03)^(30)−1) / 0.03]

 

A = 8000 * [ 47.5754157]

 

A = 380,603.33 - FV of 30 deposits of 8,000 each at 3% compounded annually.

 May 7, 2023

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