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rounded to 2 decimal places Suppose you are going to receive $14,500 per year for five years. The appropriate interest rate is 8 percent. a.
rounded to 2 decimal places
Suppose you are going to receive $14,500 per year for five years. The appropriate interest rate is 8 percent. a. What is the present value of the payments if they are in the form of an ordinary annuity? (Do not round Intermediate calcula Present value What is the present value of the payments if the payments are an annuity due? (Do not round intermediate calculations and r Present value b. Suppose you plan to invest the payments for five years. What is the future value if the payments are an ordinary annuity? (Dor decimal places, e.g., 32.16.) Future value $ What is the future value if the payments are an annuity due? (Do not round intermediate calculations and round your answer Future value c. Which has the higher present value the ordinary annuity or annuity due? (Click to select) which has the higher future value? (Click to select) Step by Step Solution
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