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9. Problem 28-12 (Future Value of an Annuity) eBook Future Value of an Annuity Find the future value of the following annuities. The first
9. Problem 28-12 (Future Value of an Annuity) eBook Future Value of an Annuity Find the future value of the following annuities. The first payment in these annuities is made at the end of Year 1, so they are ordinary annuities. Do not round intermediate calculations. Round your answers to the nearest cent. (Notes: If you are using a financial calculator, you can enter the known values and then press the appropriate key to find the unknown variable. Then, without clearing the TVM register, you can "override" the variable that changes by simply entering a new value for it and then pressing the key for the unknown variable to obtain the second answer. This procedure can be used in many situations, to see how changes in input variables affect the output variable. Also, note that you can leave values in the TVM register, switch to Begin Mode, press PV, and find the FV of the annuity due.) a. $600 per year for 10 years at 10% b. $300 per year for 5 years at 5%. $ c. 1600 per year for 5 years at 0%. $ d. Now rework parts a, b, and cassuming that payments are made at the beginning of each rear; that is, they are annuities due Future value of $600 per year for 10 years at 10% Future value of $300 per year for 5 years at 5% future value of $600 per year for 5 years at 0% A-Z
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