10. More on the future value of annultles To find the value of an annuity due, you will multiply the value of the ordinary annuity by (1+1) You are planning to put $1,500 in the bank at the end of each year for the next nine years in hopes that you will have enough money for a trip around the world. If you are investing at an annual interest rate of 4%, you'll have accumulated at the end of nine years You decided to deposit your money in the bank at the beginning of the year instead of the end of the same year, but now you are making payments of $1,750 ot an annual interest rate of 7%. How much money will you have available at the end of six years? $13,395 $19,795 $20.983 $14,249 10. More on the future value of annuities To find the value of an annuity due, you will multiply the value of the ordinary annuity by (1 + I) You are planning to put $1,500 in the bank at the end of each year for the next nine years in hopes that you will have enough money for a trip around the world. If you are investing at an annual interest rate of 4%, you'll have accumulated at the end of nine years You decided to deposit your money in the bank at the beginning of the year instead of th $14,961 same year, but now you are making payments of $1,750 at an annual interest rate of 7%. How much money will you have available at the $19,795 years? $13,395 $15,874 $19,795 $16,509 $20,983 O $14,249