Question
Future Value of an Annuity Due: If the future value of an ordinary, 7-year annuity is $7,400 and interest rates are 6 percent, what's the
Future Value of an Annuity Due: If the future value of an ordinary, 7-year annuity is $7,400 and interest rates are 6 percent, what's the future value of the same annuity due?
*Show your work
A) $6,981.13
B) $7,918
C) $7,844.01
D) $7,400
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Modern Equity Investing Strategies
Authors: Anatoly B Schmidt
1st Edition
9811239495, 978-9811239496
