Question: a . Use the appropriate formula to find the value of the annuity. b . Find the interest. table [ [ table [
a Use the appropriate formula to find the value of the annuity.
b Find the interest.
tabletablePeriodic Deposit at the end of each monthtableRate compounded monthly Time$ at the end of each month, compounded monthly, years
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a The value of the annuity is $
Do not round until the final answer. Then round to the nearest dollar as needed.
b The interest is $
Use the answer from part a to find this answer. Round to the nearest dollar as needed.
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