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1 . What is the future value of a 5 - year ordinary annuity with annual payments of $ 2 1 4 , evaluated at
What is the future value of a year ordinary annuity with annual payments of $ evaluated at a percent interest rate? Do not include the dollar sign $ and round your answer to decimal places: for example,
Today is Janet's rd
birthday. Starting today, Janet plans to begin saving for her retirement. Her plan is to contribute $ to a brokerage account each year on her birthday. Her first contribution will take place today. Her nd and final contribution will take place on her th birthday. Her aunt has decided to help Janet with her savings, which is why she gave Janet $ today as a birthday present to help get her account started. Assume that the account has an expected annual return of percent. How much will Janet expect to have in her account on her th birthday? Round your answer to a whole dollar; for example
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