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Find the value of the annuity and the interest. Round to the nearest dollar. 1) Periodic Deposit: $100 at the end of each year Rate:

Find the value of the annuity and the interest. Round to the nearest dollar.

1) Periodic Deposit: $100 at the end of each year

Rate: 4% compounded annually

Time: 13 years

2) Periodic Deposit: $900 at the end of every six months

Rate: 4.5% compounded semiannually

Time: 7 years

3) Periodic Deposit: $10,000 at the end of every three months

Rate: 4.25% compounded quarterly

Time: 10 years

4) Periodic Deposit: $50 at the end of every month

Rate: 6.25% compounded monthly

Time: 9 years

5) Suppose that you earned a bachelor's degree and now you're teaching middle school. The school district offers teachers the opportunity to take a year off to earn a master's degree. To achieve this goal, you deposit $1500 at the end of every three months in an annuity that pays 5.5% compounded quarterly. How much will you have saved at the end of 6 years? Find the interest.

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