You expect to make equal payments of 906000 at the end of


You expect to make equal payments of $9060.00 at the end of each of the next 8 years (ordinary annuity) into a new bank account earning interest at 4%.

What is the future value of the annuity stream? (use annual compounding)

Answer to the nearest cent?

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Financial Management: You expect to make equal payments of 906000 at the end of
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