Find the Amount of an Annuity If $210 Per Month

question 190

Short Answer

Find the amount of an annuity if $210 per month is paid into it for a period of 24 years, earning interest at the rate of 9% per year compounded continuously. Please round the answer to the nearest dollar.
$__________

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Definitions:

Animal-type Phobias

A type of specific phobia characterized by an irrational and excessive fear of certain animals.

Natural Environment Type Phobias

Extreme fears of events or situations in the natural environment that cause impairment in one’s ability to function normally.

Situational Type Phobias

Extreme fears of situations such as public transportation, tunnels, bridges, elevators, flying, driving, or enclosed spaces.

Prepared Classical Conditioning

A form of learning in which a natural predisposition to learn certain associations over others is recognized, indicating an evolutionary preparation for learning.