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Reminder: The compounding periods and the deposit periods are the same for an ordinary annuity. $ $1600 is deposited into an account at the end
Reminder: The compounding periods and the deposit periods are the same for an ordinary annuity. $ $1600 is deposited into an account at the end of each year for 4 years. The money earns 8% compounded annually. Determine the value of each deposit at the end of 4 years and the total in this account at that time. (See Example 1.) (Round your final answers to two decimal places.) deposit 1 x deposit 2 deposit 3 $ deposit 4 $ account total $ $ $ $
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