Question

2. Ozzie Foster deposits $2,000 at the end of each year (ordinary annuity) into an Individual Retirement

Account at Bishop Bank. The account pays 7% compounded annually. a) How much will be in the account
in 25 years? b) If Ozzie haddeposited the $2,000 at the beginning of each year (annuity due), how much
would be in the account in 25 years?

Answer 1

250.000$

Explanation:

so you multiple 2.000 by 25