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An investor wants to save money to purchase real estate. He deposits 1 1 0 0 at the end of each year in an ordinary
An investor wants to save money to purchase real estate. He deposits at the end of each year in an ordinary annuity that pays interest, compounded annually.
Answer each part. Do not round any intermediate computations nor answers. If necessary, refer to the list of financial formulas.
aFind the total value of the annuity at the end of the st year.
bFind the total value of the annuity at the end of the nd year.
cFind the total value of the annuity at the end of the rd year. necessary, refer to the list of financial formulas.
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