Suppose you are going to receive $10,000 per year for 6 years. The appropriate interest rate is
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Question:
Suppose you are going to receive $10,000 per year for 6 years. The appropriate interest rate is 11 percent.
Suppose you plan to invest the payments for 6 years, what is the future value if the payments are an ordinary annuity? |
d. | Suppose you plan to invest the payments for 6 years, what is the future value if the payments are an annuity due? |
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