Question
Calculate the future value of the following annuity streams: a. $6,000 received each year for five years on the last day of each year if
Calculate the future value of the following annuity streams: a. $6,000 received each year for five years on the last day of each year if your investments pay 6 percent compounded annually. b. $6,000 received each quarter for five years on the last day of each quarter if your investments pay 6 percent compounded quarterly. c. $6,000 received each year for five years on the first day of each year if your investments pay 6 percent compounded annually. d. $6,000 received each quarter for five years on the first day of each quarter if your investments pay 6 percent compounded quarterly.
a. Future value: $
b. Future value: $
c. Future value: $
d. Future value: $
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