Question: What is the difference in future value between savings in which $2,500 is deposited each year at the beginning of the period and the same

What is the difference in future value between savings in which $2,500 is deposited each year at the beginning of the period and the same amount deposited at the end of the period? Assume an interest rate of 5.25% per year and that both are due at the end of 12 years.

$2012

$2390

$2120

$1225

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