Question: Future Value Calculation: step-by-step calculation You deposit $500 at the beginning of each year into an account that pays an annual interest rate of 6%.

Future Value Calculation: step-by-step calculation

You deposit $500 at the beginning of each year into an account that pays an annual interest rate of 6%. Calculate the future value of the annuity after 8 years.

Present Value Calculation: step-by-step calculation

You want to receive annual payments of $2,000 at the beginning of each year for 10 years. If the interest rate is 4% per year, what is the present value of this annuity due?

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