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30 March, 09:43

The following table list two investment plans, A and B. Given this information, determine which investment is an ordinary annuity and the future value of the ordinary annuity after one year, given that both investments, A and B, compound interest monthly at the rate of 3.5%. Round to the nearest cent.

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  1. 30 March, 13:03
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    Investment B is an ordinary annuity with $3,909.64 in the account after one year.
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