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Jane wants to save money for her son's college tultion. She deposits $ 1 5 0 0 at the end of each year In an
Jane wants to save money for her son's college tultion. She deposits $ at the end of each year In an ordinary annulty that pays Interest, compounded annually.
Answer each part. Do not round any intermedlate computations nor answers. If necessary, refer to the list of financial formulas.
a Find the total value of the annuity at the end of the year.
$prod
b Find the total value of the annulty at the end of the year.
$
Find the total value of the annulty at the end of the year.
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