Question: Future value of an annuity. For the case below answer the questions that follow: Amount of annuity $3500 Interest rate 10% Show all work including
Amount of annuity $3500
Interest rate 10%
Show all work including formula and answer deposit period 8 years calculate the future value of the annuity assuming that it is
1. An ordinary annuity
2. An annuity due
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Definitions An ordinary annuity In an ordinary annuity equal payments are made for a no of ... View full answer
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