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Annulty payments are assumed to come at the end of each payment penod (Cermed an ordinary annuty) peniod (termed an annuity due) What is the

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Annulty payments are assumed to come at the end of each payment penod (Cermed an ordinary annuty) peniod (termed an annuity due) What is the tuture value of a 13-year annuity of $3,000 per period where payments come at the beginning of each penod? The interest rate is 11 percent Use Appe but calculate your tinal answer using the formula and Sina value. For example, to find the future vialue of a $100 payment at the and subtract 1 trom it for an answer of 6.716 567160 (3100 x 6 716) (Do not round intermediate calculations. Round your final answer to 2 decimal places.) To ind the future value of an annuity due of each perod tor five penods at 10 percent go to Appendix C for tom the tabuta O Type here to search

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