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Suppose you are going to receive $12,000 per year for 7 years. The appropriate interest rate is 10 percent. c. Suppose you plan to invest

image text in transcribedimage text in transcribed Suppose you are going to receive $12,000 per year for 7 years. The appropriate interest rate is 10 percent. c. Suppose you plan to invest the payments for 7 years, what is the future value if the payments are an ordinary annuity? Future value of an ordinary annuity d. Suppose you plan to invest the payments for 7 years, what is the future value if the payments are an annuity due

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