John Regan, an employee at Home Depot, made deposits of $740 at the end of each year
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John Regan, an employee at Home Depot, made deposits of $740 at the end of each year for 5 years. Interest is 5% compounded annually. What is the value of John’s annuity at the end of 5 years? (Do not round intermediate calculations. Round your answer to the nearest cent.) TIP: ANSWER IS NOT 4088.97
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