Question: Problem 9 Find the future value of a 4-year annuity due of $400 at 6%. The answer is: Problem 10 Calculate simple interest and compound

Problem 9

Find the future value of a 4-year annuity due of $400 at 6%.

The answer is:

Problem 10

Calculate simple interest and compound interest assuming that principal amount is. 10,000; interest rate is 9% for three years. What is the amount different between compound and simple interest?

The answer is:

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