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3 years ago

6

If the future value of an ordinary, six-year annuity is $8,500 and interest rates are 9.5 percent, what’s the future value of th

e same annuity due?

1 answer:

vfiekz [6]3 years ago

3 0

Answer:

The future value of the same annuity due is $9307.50

Explanation:

FVA6 = 8500*(1 + 9.5%)

= $9307.50

Therefore, The future value of the same annuity due is $9307.50

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3 years ago

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Answer:

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3 years ago

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aleksley [76]

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3 years ago