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23-01-2020
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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 the same annuity due?

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Karabo99 Karabo99

24-01-2020

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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