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Annuly payments are assumed to come at the end of each payment period (termed an ordinary annury) However, an exception occuis whien the annulty payments

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Annuly payments are assumed to come at the end of each payment period (termed an ordinary annury) However, an exception occuis whien the annulty payments come at the beginting of each petiod (iermed on antnuity doe). What is the future value of a 15 year annuity of $1,800 per period where payments come at the beginning of each period? The interest tate 15 percent Use Appendio c for an approximate answes, but saliculate yout final answer using the formula and financial calculator inethods. To find the future value of an annulty due when using the Appendix fables. add 1 to nand subtract 1 from the tabutar value. For example, to find the future value of a $100 payment at the begining of each period for five petlods at to percent, go to Appendix c for n=6 and i=10 percent Look up the value of 7716 and subtraet from it for an answer of 6716 or $67160 (\$100 = 67716) Note: Do not round intermediate calculations. Round your final answer to 2 decimal ploces

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