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1. Assume you are planning to invest $5,617 each year for six years and will earn 10 percent per year. Determine the future value of

1. Assume you are planning to invest $5,617 each year for six years and will earn 10 percent per year. Determine the future value of this annuity due problem if your first $5,617 is invested now. (Round answer to 2 decimal places, e.g., 1,220.25.)

Future value

2. What would be the future value of $7,911 invested annually for nine years beginning one year from now if the annual interest rate is 10 percent? (Round answer to 2 decimal places, e.g., 1,220.25.)

Future value

3. Determine the future values if $6,534 is invested in each of the following situations: (Round answers to 0 decimal places, e.g., 2,345.)

8 percent for 10 years $

10 percent for 7 years $

12 percent for 4 years $

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