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Given an annual opportunity cost of 10%, what is the future value of a $1,000 ordinaryannuityfor 10 years? If you require a 9 percent annualreturn

  1. Given an annual opportunity cost of 10%, what is the future value of a $1,000 ordinaryannuityfor 10 years?

  1. If you require a 9 percent annualreturn on your investments, you would prefer $15,000 fiveyears from today rather than an ordinary annuity of$1,000 per year for 15 years.

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