Question

For the following questions, assume an annual annuity of $1,000 and a required return of 12%.
a. What is the future value of a ten-year ordinary annuity?
b. If you earned an additional year’s worth of interest on this annuity, what would be the future value?
c. What is the future value of a 10-year annuity due?
d. What is the relationship between your answers in parts (b) and (c)? Explain.


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  • CreatedMarch 26, 2015
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