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6. Nada recently set up a tax-deferred annuity to save for her retirement. She arranged to have BD 80 taken out of each of his

6. Nada recently set up a tax-deferred annuity to save for her retirement. She arranged to have BD 80 taken out of each of his monthly checks; it will earn 9% annual interest. She just had her 25 birthday, and her ordinary annuity comes to term when she is 65. Find the following: a. Find the future value of Nada's annuity. (3 Marks) b. Find Nada's total contribution to the annuity. (1 Mark) c. Find the total interest earned on the annuity. (1 Mark)

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