Jolene's firm markets preplanning services for a mortician. She finds that most of her target market avoids discussing future funeral needs. She convinces people to invest in the firm's services through her large-scale promotional efforts. Jolene's firm most likely practices the .

Instructions are listed below

Explanation:

Giving the following information:

You plan to deposit $1,700 per year for 5 years into a money market account with an annual return of 2%

We need to use the final value formula with an annual payment:

FV= {A*[(1+i)^n-1]}/i

1) with deposits at the end of the year:

FV= {1700*[(1.02^5)-1]}/0.02= $8846.87

2) with deposits at the beginning of the year:

Because it is at the  beginning, there is one more year of interest:

FV= 8846.87 + [1700*(1.02^5)-1700]= $9023.81