Use the Tables in the Handbook

question 60

Short Answer

Use the tables in the handbook. Jackie Bell invests $5,000 at the end of each year for 15 years. The rate of interest Jackie gets is 8% annually. What is the final value of Jackie's investment in this ordinary annuity?

---

Definitions:

Office App

A software application that is part of the Microsoft Office suite, including Word, Excel, PowerPoint, etc., designed for office-related tasks.

Maximize Ribbon

In software applications, particularly in office suites, enlarging the ribbon to display all tool icons and options for easier access.

Document

A piece of written, printed, or electronic matter that provides information or evidence or serves as an official record.

Dialog Boxes

Small windows that prompt the user to input information or select options, often appearing to confirm an action or provide additional settings.