Question: Suppose Jorge Otero has set up an annuity due with a certain credit union. At the beginning of each month, $120 is electronically debited from

Suppose Jorge Otero has set up an annuity due with a certain credit union. At the beginning of each month, $120 is electronically debited from his checking account and placed into a savings account earning 6% interest compounded monthly? What is the value (in $) of Jorge's account after 18 months?

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