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3. (Chap 2, MH) (Assume an annual interest rate of 5%. Annuity pays 15, 18, 21, 24, 27, 30, 33, 36, 39, 42, 45, 48,51,54.

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3. (Chap 2, MH) (Assume an annual interest rate of 5%. Annuity pays 15, 18, 21, 24, 27, 30, 33, 36, 39, 42, 45, 48,51,54. at end of years 1,2,3, ... ,14 and funds go into an account earning 5% per annum. Find the accumulated value at the end of year 14

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