Assume all of the same facts as in exercise 6 above, except that Maria begins immediately and
Question:
Assume all of the same facts as in exercise 6 above, except that Maria begins immediately and makes each of her payments at the beginning of each 6-month period instead of the end. What is the approximate future value of her annuity due at the end of the six years?
a. $17,909.10
b. $36,936.92
c. $32,707.24
d. $22,997.88
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