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tony wants to save money for his daughters graduation gift. He deposits $1100 at the end of each year in an ordinary annuity that pays
tony wants to save money for his daughters graduation gift. He deposits $1100 at the end of each year in an ordinary annuity that pays 9% interest, compounded annually. Answer esch part. Do not round any intermediate computations nor answers. If necessary, refer to the list of financial formulas. a) Find the total value if the annuity at the end of the 1st year. b) Find the total value of the annuity at the end of the 2nd year. c) Find the total value of the annuity at the end of the 3rd year.
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