1. Jeannette, owner of Jeanette's Health Club, wants to purchase an ordinary annuity to buy a new pec-deck machine in 3 years. The cost of the machine is $900. Find the sinking fund payment if the annuity pays 10% annually.2.Rosetta Schaffer purchases an annuity due paying 5% semiannually. Ifher payment is $675, how much will she have saved in 4 years?

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