Problem

"Pay Dirt; It's time for a Clean Sweep", was the title of an article that appe...

"Pay Dirt; It's time for a Clean Sweep", was the title of an article that appeared in the Minneapolis, Star Tribune on March 15, 2007. Plant your coins in the bank: during a traditional spring cleaning, coins sprout from couch cushions and junk drawers. The average American has $99 lying about. Stick $99 in an ordinary annuity account each year for 10 years at 5% interest and watch it grow. What is the cash value of this annuity at the end of year 10? Round to the nearest dollar.

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Solutions For Problems in Chapter 13