What will be the value in your account at the end of year

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Reference no: EM131884027

Assume you are to recieve a 10-year annuity with annual payments of $182 the first payment will be received today ( that is, t = 0) and the last payment will be received at the end of year 9 (that is, t = 9). You will invest each payment in an account that pays 14 percent. What will be the value in your account at the end of Year 20? (Round your answer to two decimal places and record without a dollar sign)

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Reference no: EM131884027

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