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a . Use the appropriate formula to find the value of the annuity. b . Find the interest. table [ [ table [

a. Use the appropriate formula to find the value of the annuity.
b. Find the interest.
\table[[\table[[Periodic Deposit],[50 at the end of each month]],\table[[Rate],[3% compounded monthly]],- Time],[$50 at the end of each month,3% compounded monthly,15 years]]
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a. The value of the annuity is $
(Do not round until the final answer. Then round to the nearest dollar as needed.)
b. The interest is $
(Use the answer from part (a) to find this answer. Round to the nearest dollar as needed.)
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