Question: Using appropriate tables, solve the following future value of annuity problems. Required: 1. What is the future value on December 31, 2025, of 7 annual

Using appropriate tables, solve the following future value of annuity problems.

Required:
1. What is the future value on December 31, 2025, of 7 annual cash flows of $10,000 with the first cash payment being made on December 31, 2019, and interest at 12% being compounded annually?
2. What is the future value on December 31, 2026, of 7 annual cash flows of $10,000 with the first cash payment made on December 31, 2019, and interest at 12% being compounded annually?

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