Question: What is the difference between the future and present values of an annuity with 5 payments of 1000 ,2000, 3000, 4000, and 5000 if the

What is the difference between the future and present values of an annuity with 5 payments of 1000 ,2000, 3000, 4000, and 5000 if the interest rate per period is 8%?

Please use the increasing annuities immediate formula.

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