Frank receives an annuity of 71568 at the end of each year


Frank receives an annuity of $71568 at the end of each year. The amount he receives decreases by 3% each year. If Frank deposits the annuity in an account paying 9% compounded annually, how much will Frank have in the account at the end of 8 years?

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Business Economics: Frank receives an annuity of 71568 at the end of each year
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