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Seven years ago today, John deposited $15,000 in an account that pays 4% compounded annually. If you left that money in the account and reinvested

Seven years ago today, John deposited $15,000 in an account that pays 4% compounded annually. If you left that money in the account and reinvested all the interest payments, how much is that account worth today? You must calculate each:

a.The present value of an annuity.

b.The future value of an annuity.

c.The present value of a single payment.

d.The future value of a single payment.

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