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Calculate the Future Value of an annuity due, which has twelve equal annual payments of 1 0 0 0 , under the following conditions: EAIR

Calculate the Future Value of an annuity due, which has twelve equal

annual payments of

1000,

under the following conditions:

EAIR

= 7 %

applied to the first three years of the annuity

EAIR

= 8 %

applied to the next four years of the annuity

EAIR

= 9 %

applied to the last five years of the annuity

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