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Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). However, an exception occurs when the annuity payments

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Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). However, an exception occurs when the annuity payments come at the beginning of each period (termed an annuity due) What is the future value of a 17-year annuity of \$2,500 per period where payments come at the beginning of each period? The interest rate is 7 percent. Use Aprendix C for an approximate answer, but calculate your final answer using the formula and financial calcutator methods. To find the future value of an annuity due when using the Appendix tables, add 1 to n and subtract 1 from the tabular value. For example, to find the future value of a $100 payment at the beginning of each period for five periods at 10 percent, go to Appendiox round intermediate calculations, Round your final answer to 2 decimal ploces.)

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