Thejedipriest83731 Thejedipriest83731

06-06-2024
Mathematics

Answered

Art Dull recently set up a TDA to save for his retirement. He arranged to have $60 taken out of each of his biweekly checks; it will earn 9 1/8th % interest. He just had his 28th birthday, and his ordinary annuity comes to term when he is 65. Find the following.
(a) The future value of the account
(b) Art's total contribution to the account
(c) The total interest

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