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for the following questions assume an ordinary annuity of $1000 and a required return of 12 percent. a. what is the future value of a
for the following questions assume an ordinary annuity of $1000 and a required return of 12 percent.
a. what is the future value of a ten year ordinary annuity?
b. if you earned an additional year's worth of interest on this annuity, what would be the future value?
c. what is the future value of a ten year annuity due?
d. what is the relationship between your answers in parts (b) and (c)? explain.
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