The owner of the Campus Cafe plans to open a second location on a satellite campus in years. She buys


The owner of the Campus Cafe plans to open a second location on a satellite campus in years. She buys an annuity that pays interest compounded annually. Round your answers to the nearest cent. (a) If the payment is a year, find the future value of the annuity in years. (b) How much more interest would be earned if the owner could invest the full amount paid into the annuity in a regular compound-interest account with the same terms for years


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