If P dollars are invested at the end of each year in an annuity that earns interest at an annual rate r, the amount in the account will be A dollars after n years, where
?
?If $2,200 is invested each year in an annuity earning 11% annual interest, when will the account be worth $25,000? Round to the nearest tenth.
?
A. 17.9 years
B. 11.4 years
C. 2.9 years
D. 2.1 years
E. 7.8 years
Answer: E
Mathematics
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A. - 
B. 
C. 
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2
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