Nada recently set up a tax-deferred annuity to save for his retirement. He arranged to have BD 50 taken out of each of his monthly checks; it will earn 4% annual interest. She just had his 25 birthday, and his ordinary annuity comes to term when he is 65. Find the following: a. Find the future value of Nada’s annuity. (3 Marks) b. Find Nada’s total contribution to the annuity. (1 Mark) c. Find the total interest earned on the annuity.

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To find the future value of an ordinary annuity you can use the future value of an ordinary annuity ... View the full answer