Question: Starting today, every week, you put $25 into a savings account that pays 2.99% annually, and you do this for 20 years. 1) This is

Starting today, every week, you put $25 into a savings account that pays 2.99% annually, and you do this for 20 years.

1) This is an example of a...

A. nonlevel ordinary annuity

  • B. level annuity due
  • C. nonlevel annuity due
  • D. level ordinary annuity

Rounded to the nearest dollar, the balance in the account at the end of the 20 years will be $ ________

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