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Aa Aa E. 10. Future value of annuities When equal payments are made at fixed intervals for a specified number of periods, you will treat
Aa Aa E. 10. Future value of annuities When equal payments are made at fixed intervals for a specified number of periods, you will treat them as complex cash flows a perpetuity an annuity nou ame prarmg 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 at an annual interest rate of 7%. How much money will you have available at the end of six years? O $14,961 O $19,795 O $13,395 O $20,983
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