5-37A. (Compounding an annuity due) Find the future value at the end of year 10 of an...
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5-37A. (Compounding an annuity due) Find the future value at the end of year 10 of an annuity due of$I,OOO per year for 10 years compounded annually at 10 percent. What would be the future value of this annuity if it were compounded annually at 15 percent?
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Financial Management Principles And Applications
ISBN: 9780131450653
10th Edition
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
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