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Amy invests $75 a month in an annuity that earns 3% APR and is compounded monthly. What is the future value of Amy's account in 5 years?

Amy invests $75 a month in an annuity that earns 3% APR and is compounded monthly. What is the future value of Amy's account in 5 years?
asked 135k views
3 votes
Amy invests $75 a month in an annuity that earns 3% APR and is

compounded monthly. What is the future value of Amy's account in 5 years?

asked
User Kennebec
by
8.4k points

2 Answers

3 votes

Answer:4848.51

Explanation:

answered
User Lizeth
by
8.0k points
3 votes

Answer: $4,848.51

Explanation:

A P E X

answered
User Jomido
by
8.1k points
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