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(Future value of an annuity) Find the future value at the end of year 10 of an annuity that pays $1,000 per year for 10
(Future value of an annuity) Find the future value at the end of year 10 of an annuity that pays $1,000 per year for 10 years compounded annually at 8 percent What would be the future value of this annuity if it were compounded annually at 15 percent? a. What would be the future value of this annuity if it were compounded annually at 8 percent? (Round to the nearest cent.) b. What would be the future value of this annuity if it were compounded annually at 15 percent? (Round to the nearest cent.)
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