What is the value of jorge account after eighteen months

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Reference no: EM132755109

Problem 1: Suppose Jorge Otero has set up an annuity due with a certain credit union. At the beginning of each month, $150 is electronically debited from his checking account and placed into a savings account earning 6% interest compounded monthly. What is the value (in $) of Jorge's account after 18 months? (Round your answer to the nearest cent.)

Reference no: EM132755109

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