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Suppose you are going to receive $13,300 per year for six years. The appropriate interest rate is 8.2 percent. Suppose you plan to invest the
Suppose you are going to receive $13,300 per year for six years. The appropriate interest rate is 8.2 percent. Suppose you plan to invest the payments for six years. What is the future value if the payments are an annuity due? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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