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QUESTION 3. Your Aunt Annie is asking for your advice. She will receive a 4-year annuity starting at $800 but increasing by 8% per year.

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QUESTION 3. Your Aunt Annie is asking for your advice. She will receive a 4-year annuity starting at $800 but increasing by 8% per year. At the end of each year, Aunt Annie likes to deposit the money earned into her bank savings account. Let's assume that her accounts earn interest at a compounded rate of 5% per year. a) After 4 years, what would her account be worth? b) Draw the timeline for the Future Value of this ordinary Annuity

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