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An annuity consists of four (4) annual payments of $10,000 at an annual rate of 7.50%. a. If the payments occur at the end of
An annuity consists of four (4) annual payments of $10,000 at an annual rate of 7.50%. a. If the payments occur at the end of the year: Timeline: Calculate FVA with formula: Calculate PVA with formula: b. If the payments occur at the beginning of the year: Timeline: Calculate FVA with formula: Calculate PVA with formula:
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