If you invest $1,200 per year at the end of each year for 40 years at an 8% rate of return,you will have accumulated (use time value table or financial calculator)

Question

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The future value of an annuity formula is used to calculate the accumulated amount. Using a financial calculator or time value table, the future value of $1,200 invested annually at an 8% return over 40 years is approximately $310,862.

If You Invest $1,200 Per Year at the End of Each