part 1: practice exercises 8.5 annuities\npossible points: 14\nfind the value of an annuity if the periodic…

part 1: practice exercises 8.5 annuities\npossible points: 14\nfind the value of an annuity if the periodic deposit is $50 at the end of each month, the rate is 6% compounded annually for 30 years. round to the nearest dollar.\n$a = \\frac{p\\left\\left(1+\\frac{r}{n}\\right)^{nt}-1\\right}{\\frac{r}{n}}$\n○ $48,346\n○ $54,856\n○ $46,936\n○ $50,226

part 1: practice exercises 8.5 annuities\npossible points: 14\nfind the value of an annuity if the periodic deposit is $50 at the end of each month, the rate is 6% compounded annually for 30 years. round to the nearest dollar.\n$a = \\frac{p\\left\\left(1+\\frac{r}{n}\\right)^{nt}-1\\right}{\\frac{r}{n}}$\n○ $48,346\n○ $54,856\n○ $46,936\n○ $50,226

Answer

Answer:

$50,226