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Alan wants to save money to remodel his house. He deposits $975 at the end of each year in an ordinary annuity that earns
Alan wants to save money to remodel his house. He deposits $975 at the end of each year in an ordinary annuity that earns 8% interest, compounded annually. Answer each part. Do not round any intermediate computations nor answers. If necessary, refer to the list of financial formulas. st (a) Find the total value of the annuity at the end of the 1st year. S $ (b) Find the total value of the annuity at the end of the 2nd $ (c) Find the total value of the annuity at the end of the $ year. 3rd year.
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