Example: 28 Find the future value of an annuity due with $325 made at the beginning of each month for 5 years in an account paying 3.3% compounded monthly 20 Modified by: Nahia Elbashir Examples: 31 Find the present value of an annuity of $120 at the end of each month put into an account yielding 4.8% compounded monthly for 5 years. A car costs $19,000. After a down payment of $2000, the balance will be paid off in 48 equal monthly payments with interest of 5.4% per year on the unpaid balance. Find the amount of each payment. 31 Modified by: Nahla Elbashir