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Please answer the 12 parts Time value-Annuities Personal Finance Problem Marian Kirk wishes to select the better of two 5-year annuities, C and D. Annuity
Please answer the 12 parts Time value-Annuities Personal Finance Problem Marian Kirk wishes to select the better of two 5-year annuities, C and D. Annuity C is an ordinary annuity of $2,180 per year for 5 years. Annuity D is an annuity due of $2,010 per year for 5 years. a. Find the future value of both annuities at the end of year 5, assuming that Marian can earn (1) 6% annual interest and (2) 12% annual interest. b. Use your findings in part a to indicate which annuity has the greater future value at the end of year 5 for both the (1) 6% and (2) 12% interest rates.. c. Find the present value of both annuities, assuming that Marian can earn (1) 6% annual interest and (2) 12% annual interest. d. Use your findings in parte to indicate which annuity has the greater present value for both the (1) 6% and (2) 12% interest rates. e. Briefly compare, contrast, and explain any differences between your findings using the 6% and 12% interest rates in parts band d. a. The future value of Annuity C at 6% interest is $. (Round to the nearest cent.)
Please answer the 12 parts
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