Question: roblems Help Save & Exit Check Amount of annuity expected $900 Interest rate Payment Annually Time 4 years Present value (mount needed now to invest
roblems Help Save & Exit Check Amount of annuity expected $900 Interest rate Payment Annually Time 4 years Present value (mount needed now to invest to receive annuity) $3,118.59 Check the correctness of annuity payment by completing the following table. (Round the answers the nearest cent.) Year 4 $ Year 1 3.118.59 $ 3.118.59 S 3 .118.59 $ 3.118.59 Opening balance Interest 3.118.59 $ 3.118.59 $ 3.118 59 $ 3.118.59 Annuity Closing balance 3,118.59 $ 3.118.59 $ 3,118.59 $ 3,118 59
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