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Find the amount of the annuity in both cases

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Question - The Halimas family have decided to invest $1,750 at the end of each year for 15 years in a college fund for their twin grandsons. They can choose either (a) a mutual fund of domestic stocks expected to yield 9% per year or (b) a savings account expected to yield about 5% per year. Find the amount of the annuity in both cases. (Find the FV of the annuities).

Reference no: EM133161115

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