Question: R[(1 + i) - 1] A = 2. Determine the amount of each ordinary simple annuity. a) $375 deposited every month for 6 years at

R[(1 + i)" - 1] A = 2. Determine the amount of each ordinary simple annuity. a) $375 deposited every month for 6 years at 5.9% per year compounded monthly. [K3] b) Determine the interest earned by each annuity [K2]

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