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Assume you are planning to invest $200 each year for four years and will earn 8 percent per year. Determine the future value of this

Assume you are planning to invest $200 each year for four years and will earn 8 percent per year.

Determine the future value of this annuity due problem if your first $200 is invested now. Show your work.

What is the difference between an annuity due and an ordinary annuity? Explain.

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