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Question 2 Maryam is going to be paying $10,000 rent for his apartment in Al Ain Resort at the beginning of each month for the
Question 2 Maryam is going to be paying $10,000 rent for his apartment in Al Ain Resort at the beginning of each month for the next 8 years to ADCB Bank Account. The account pays 10% interest compounded annually. I. Using an example, briefly explain an annuity due. II. Using the above information, calculate the future value of Saleh's periodic payments. III. Given the same present value, compound interest rate and period, which type (ordinary annuity or annuity due) generates a higher future value amount? Why
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