The Perez family wants to save money to travel the world

Last updated: 9/21/2023

The Perez family wants to save money to travel the world They purchase an annuity with a yearly payment of 580 that earns 4 interest compounded annually Payments will be made at the end of each year Find the total value of the annuity in 11 years Do not round any intermediate computations and round your final answer to the nearest cent If necessary refer to the list of financial formulas