Question: Use the ordinary annuity formula Upper A equals StartStartFraction p left bracket left parenthesis 1 plus StartFraction r Over n EndFraction right parenthesis Superscript nt

Use the ordinary annuity formula Upper A equals StartStartFraction p left bracket left parenthesis 1 plus StartFraction r Over n EndFraction right parenthesis Superscript nt Baseline minus 1 right bracket OverOver StartFraction r Over n EndFraction EndEndFraction to determine the accumulated amount in the annuity. Periodic Deposit $3000 at the end of each year Rate 4.5 % compounded annually Time 25 years . . . Question content area right Part 1 After 25 years, you will have approximately $ enter your response here. (Round to the nearest cent as needed.)

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