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Please also show the formulas used to find the answers, thank you! c. (1) What is the future value of a 3-year ordinary annuity of
Please also show the formulas used to find the answers, thank you!
c. (1) What is the future value of a 3-year ordinary annuity of $100 if the appropriate interest rate is 10% ? (2) What is the present value of the annuity? (3) What would the future and present values be if the annuity were an annuity due Step by Step Solution
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