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QUESTION 10 The future value of an annuity due is (1 - (1+r) yr wherer is the rate of return and n is the number

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QUESTION 10 The future value of an annuity due is (1 - (1+r)" yr wherer is the rate of return and n is the number of periods True False QUESTION 11 Higher is the discount rate, higher is the present value True O False QUESTION 12 You want to buy a car for cash 4 years from now for a cash price of $25000. To this end you want to make an annuity deposit each year so that you accumulate the required amount. Interest rate is 8%. If deposits are made at the begiining of each period, then your annual payment will be approximately 55548.02 True Faise QUESTION 13 You want to buy a car for cash 4 years from now for a cash price of $25000. To this end you want to make an annuity deposit each year so that you accumulate the required amount. Interest rate is 896. In the case of annuity due, your annual payments will be equal to approximately $5197.08 Faire

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