Bryant Ortega
07/27/2023 · Junior High School
a. The value of the annuity is \( \$ 13,364 \). (Do not round until the final answer. Then round to the nearest dollar as needed.) b. The interest is \( \$ \). (Use the answer from part (a) to find this answer. Round to the nearest dollar as needed.)
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To calculate the interest earned on the annuity, you need to know the payment amount, interest rate, and number of periods.
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