Question: Annuity Due Annuity due value = Ordinary annuity value x (1 + r) This works for both present and future values, so calculating the value

Annuity Due Annuity due value = Ordinary annuity value x (1

Annuity Due Annuity due value = Ordinary annuity value x (1 + r) This works for both present and future values, so calculating the value of an annuity due involves two steps: (I) Calculate the present or future value as though it were an ordinary annuity and (2) multiply your answer by ( r) You are saving for a new house, and you put $10,000 per year in an account paying 8%,The first payment is made today. How much will you have at the end of 3 years

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