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53. Calculating Annuities Due [( LO1] Suppose you are going to teceive $14,500 per year for flve years. The approptiate interest rate is 7.1 pereent.

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53. Calculating Annuities Due [( LO1] Suppose you are going to teceive $14,500 per year for flve years. The approptiate interest rate is 7.1 pereent. a. What is the present value of the payments if they are in the form of an ordinary annuity? What is the present value if the payments are an annulty due? b. Suppose you plan to invest the payments for five years. What is the future value if the payments are an ordiriary annulty? What if the payments are an annulty due? c. Which has the highest present value, the ordinary annulty or the annuity due? Which has the highest future value? Will this always be true

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