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18. What is the future value of a series of $ 5 ,5 00 quarterly payments received at the end of each quarter for the

18. What is the future value of a series of $5,500 quarterlypayments received at the end of each quarter for the next 7years if it is invested at an annual rate of return of 6%compounded quarterly?

19. Repeat above question for annuity due? (payments received at the beginning of each quarter).

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