Question
Calculate the future value of the following annuity streams: a. $7,000 received each year for six years on the last day of each year if
Calculate the future value of the following annuity streams: a. $7,000 received each year for six years on the last day of each year if your investments pay 6 percent compounded annually. b. $7,000 received each quarter for six years on the last day of each quarter if your investments pay 6 percent compounded quarterly. c. $7,000 received each year for six years on the first day of each year if your investments pay 6 percent compounded annually. d. $7,000 received each quarter for six years on the first day of each quarter if your investments pay 6 percent compounded quarterly. (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))
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