Question: Example 3: John Smith recently set up a TDA to save for his retirement. He arranged to have $110 taken out of each of his

 Example 3: John Smith recently set up a TDA to save

Example 3: John Smith recently set up a TDA to save for his retirement. He arranged to have $110 taken out of each of his biweekly checks; it will earn 97/8% interest. He just had his twenty-ninth birthday, and his ordinary annuity comes to term when he is sixty-five. Find the following: (a) the future value of the account

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