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Find the value of the ordinary annuity at the end of the indicated time period. The payment​ R, frequency of deposits m​ (which is the same as the frequency of​ compounding), annual interest rate​ r, and time t are given below.   ​Amount, ​$300​; ​monthly; 3​%; 3 years

Find the value of the ordinary annuity at the end of the indicated time period. The payment​ R, frequency of deposits m​ (which is the same as the frequency of​ compounding), annual interest rate​ r, and time t are given below.   ​Amount, ​$300​; ​monthly; 3​%; 3 years

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Find the value of the ordinary annuity at the end of the indicated time period. The payment​ R, frequency of deposits m​ (which is the same as the frequency of​ compounding), annual interest rate​ r, and time t are given below.
 
​Amount,
​$300​;
​monthly;
3​%;
3
years
 
 
 

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Part 1
The future value of the given annuity is
​$enter your response here.
​(Round to the nearest cent as​ needed.)
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