For the following exercises, determine the value of the annuity for the indicated monthly deposit amount, the
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For the following exercises, determine the value of the annuity for the indicated monthly deposit amount, the number of deposits, and the interest rate.
Deposit amount: $450; total deposits: 60; interest rate: 4.5%, compounded quarterly
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The value of the annuity is 2903858 This can be calculated b...View the full answer
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