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This problem involves **annuity due**, which means that payments are made at the beginning of each period. To solve it, we will use the **future value formula for annuity due**:

\[
FV_{\text{due}} = P \times \left( \frac{(1 + r)^n - 1}{r} \right) \times (1 + r)
\]

Where:  
- $P = 140$ (the monthly payment)  
- $r = \frac{6\%}{12} = 0.005$ (monthly interest rate)  
- $n = 17$ (number of payments)  

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### Step-by-Step Calculation:

1. **Calculate** the growth factor:
   \[
   1 + r = 1 + 0.005 = 1.005
   \]

2. **Raise** the growth factor to the power $n$:
   \[
   (1.005)^{17} \approx 1.092727
   \]

3. **Apply the annuity formula part:**
   \[
   \frac{(1.092727 - 1)}{0.005} \approx 18.5454
   \]

4. **Adjust for annuity due** (multiply by $1.005$):
   \[
   18.5454 \times 1.005 \approx 18.6371
   \]

5. **Compute the Future Value**:
   \[
   FV_{\text{due}} = 140 \times 18.6371 \approx 2609.19
   \]

---

### Final Answer:
The value of Jorge’s account after 17 months is approximately **$2609.19**.

Would you like further clarification or have any related questions? 

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Here are 5 related questions you might explore:  
1. What is the difference between annuity due and ordinary annuity?  
2. How would the value change if the interest were compounded annually instead of monthly?  
3. How much total interest was earned in the 17-month period?  
4. How would early withdrawals affect the future value of the annuity?  
5. What would be the future value if payments were increased to $200 per month?

**Tip:** Annuity due grows faster than ordinary annuity because payments are invested sooner, at the beginning of each period.

Suppose Jorge Otero has set up an annuity due with a certain credit union. At the beginning of each month, $140 is electronically debited from his checking account and placed into a savings account earning 6% interest compounded monthly. What is the value (in $) of Jorge's account after 17 months?

Learn how to calculate the future value of an annuity due where $140 is deposited monthly, earning 6% interest compounded monthly. This example problem is perfect for finance students or anyone learning about annuities, showcasing the detailed steps to solve for the future value after 17 months.

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