#### Answer

$\$ 360,262.21$

#### Work Step by Step

We are given:
$R=\$ 5000, i=0.12, n=20$
The amount of an annuity is given by:
$A_{f}=R \frac{(1+i)^{n}-1}{i}$
$A_{f}=5000\frac{(1+0.12)^{20}-1}{0.12}=\$ 360,262.21$

Published by
Brooks Cole

ISBN 10:
1305115546

ISBN 13:
978-1-30511-554-5

$\$ 360,262.21$

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