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$19,948 $19,273 Question 6 What is the future value of an annuity due that pays $550 per year for 18 years? Use an annual interest

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$19,948 $19,273 Question 6 What is the future value of an annuity due that pays $550 per year for 18 years? Use an annual interest rate of 8.00%. $20,597 $23,497 $22.530 $22,245 $22.492 Question 7 Estimate the effective annual rate (EAR) for a continuously compounded annual nominal rate of 8.00%. 8.328% 8.7264%

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