Answer:
The annuity due is $527.54.
Explanation:
Given : Payment $4500 anually 10 years at 3% interest.
To find : Annuity due ?
Solution :
The formula of annuity is

Where, A is the Annuity due
P is the Payment P=$4500
r is the interest rate r=3%=0.03
n is the time n=10 years
Substitute the value in the formula,





Therefore, The annuity due is $527.54.