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Find annuity value at the end of six years

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Reference no: EM131627663

Question: 1. John Crampton put $1,200 in an ordinary annuity account every quarter of the accumulation phase for five years at a 2% annual rate compounded quarterly. What is the future value of the annuity?

2. Tiffany Evans created an ordinary annuity with $2,500 payments made semiannually at 6% annually. Find her annuity value at the end of six years.

Reference no: EM131627663

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