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* Please draw the time line and write the formula. 1) Future value of an annuity of 10 payments of $1,000 each, starting today at

* Please draw the time line and write the formula.

1) Future value of an annuity of 10 payments of $1,000 each, starting today at t=1 and ending at t=10 when the interest rate is 10% per year and the future value is computed for

t=10.

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