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1.Sabrina deposits $500 in an account at the beginning of each year for 5 years. If the account pays 4% interest annually, how much money

1.Sabrina deposits $500 in an account at the beginning of each year for 5 years. If the account pays 4% interest annually, how much money will be in Sabrina's account at the end of 5 years?

2.Calculate the future value of an annuity, with case A being an ordinary annuity and case B being an annuity due.

Case

Annuity

Interest

Rate (%)

Deposit

Period (Yrs)

Future

Value ($)

A

17000

6

6

B

8000

9

9

3.Sabrina deposits $300 in an account at the end of each year for 4 years. If the account pays 4% interest annually, how much money will be in Sabrina's account at the end of 4 years?

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