Question
1. John Regan, an employee at Home Depot, made deposits of $770 at the end of each year for 5 years. Interest is 5% compounded
1. John Regan, an employee at Home Depot, made deposits of $770 at the end of each year for 5 years. Interest is 5% compounded annually. What is the value of Regan's annuity at the end of 5 years? (Do not round intermediate calculations. Round your answer to the nearest cent.)
2. John Regan, an employee at Home Depot, made deposits of $730 at the end of each year for 6 years. Interest is 6% compounded annually. What is the value of Regan's annuity at the end of 6 years? (Do not round intermediate calculations. Round your answer to the nearest cent.)
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