Mathematics, 16.04.2021 23:50 Jacobstoltzfus
Nick can invest $10,000 in either one of two annuities. Annuity A has a 6% annual interest rate and requires a starting principal of $9,000, plus annual $100 deposits for the next 10 years. Annuity B has a 12% annual interest rate and requires a starting principal of $9,000, plus annual $200 deposits for the next 5 years.
What is the difference between the final balances of the two annuities?
Enter your answer as a dollar amount such as: $425.36
Answers: 1
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Nick can invest $10,000 in either one of two annuities. Annuity A has a 6% annual interest rate and...
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