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Find the future value of the following annuity due. Assume that interest is compounded annually, there are n payments of R dollars, and the interest

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Find the future value of the following annuity due. Assume that interest is compounded annually, there are n payments of R dollars, and the interest rate is i. R = 16,000; i = 0.04; n = 8 The future value of the annuity due is $ (Round to the nearest cent as needed.)

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