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Find the Amount Accumulated in an Increasing Annuity in Which FV=F V =

Question 33

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Find the amount accumulated in an increasing annuity in which $200 is deposited monthly for 20 years at 3% per year in an account containing $10,000 at the start. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent.
FV=F V = $ __________.

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