Annuity payments are assumed to come at the end of each payment penod (termed an ordinary annuity) However, an exception occurs when the annuty payments come at the beginning of each period (termed an annuity due). What is the future value of a 12-year annuty of $1,400 per period where payments come at the beginning of each penod? The interest rate is 7 percent Use ADpendix C for an approximate answer, but calculate your final answer using the formula and financlal calculator 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 Appendix C for n=6 and i=10 percent Look up the value of 7716 and subtract 1 from it for an answer of 6.716 or $671.60 (\$100 67716 ) Note: Do not round intermediate colculations, Round your final answer to 2 decimal places