Calculate the difference in the current economic values of the following two annuities: Annuity X: Payments...

 

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Calculate the difference in the current economic values of the following two annuities: Annuity "X": Payments of $10,000 made at the end of each year for the next 35 years. Annuity "Y": Payments of $10,000 made at the end of each year for the next 55 years. Use an interest rate of 13% compounded annually for both annuities. Annuity "Y" is worth $70,248 more than Annuity "X." Annuity "Y" is worth $26,225 more than Annuity "X." Annuity "Y" is worth $203 more than Annuity "X." Annuity "Y" is worth $975 more than Annuity "X." O Annuity "Y" is worth $8,672 more than Annuity "X." Calculate the difference in the current economic values of the following two annuities: Annuity "X": Payments of $10,000 made at the end of each year for the next 35 years. Annuity "Y": Payments of $10,000 made at the end of each year for the next 55 years. Use an interest rate of 13% compounded annually for both annuities. Annuity "Y" is worth $70,248 more than Annuity "X." Annuity "Y" is worth $26,225 more than Annuity "X." Annuity "Y" is worth $203 more than Annuity "X." Annuity "Y" is worth $975 more than Annuity "X." O Annuity "Y" is worth $8,672 more than Annuity "X."

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Annuity X payment of 10000 made at the end of year for next 35 years interest rate r 13 So ... View the full answer