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Time value-Annuities Personal Finance Problem Marian Kirk wishes to select the better of two 10-year annuities, C and D. Annuity C is an ordinary annuity of $2,500 per year for 10 years. Annuity D is an annuity due of $2,200 per year for 10 years. a. Find the future value of both annuities at the end of year 10, assuming that Marian can earn (1) 10% annual interest and (2) 20% annual interest. b. Use your findings in part a to indicate which annuity has the greater future value at the end of year 10 for both the (1) 10% and (2) 20% interest rates. c. Find the present value of both annuities, assuming that Marian can earn (1) 10% annual interest and (2) 20% annual interest. d. Use your findings in part c to indicate which annuity has the greater present value for both the (1) 10% and (2) 20% interest rates. e. Briefly compare, contrast, and explain any differences between your findings using the 10% and 20% interest rates in parts b and d. a. The future value of Annuity C at 10% interest is $. (Round to the nearest cent.) The future value of Annuity D at 10% interest is $ (Round to the nearest cent.) The future value of Annuity C at 20% interest is $. (Round to the nearest cent.) The future value of Annuity D at 20% interest is $. (Round to the nearest cent.) b. Using your findings in part a, which annuity has the greater future value at the end of year 10 at 10% interest? (Select the best answer below.) O Annuity C O Annuity D Using your findings in part a, which annuity has the greater future value at the end of year 10 at 20% interest? (Select the best answer below.) O A. Annuity D O B. Annuity C c. The present value of Annuity C at 10% interest is $ (Round to the nearest cent.) The present value of Annuity D at 10% interest is $ (Round to the nearest cent.) The present value of Annuity C at 20% interest is $ (Round to the nearest cent.) The present value of Annuity D at 20% interest is $17. (Round to the nearest cent.) d. Using your findings in part c, which annuity has the greater present value at the end of year 10 at 10% interest? (Select the best answer below.) O Annuity C O Annuity D Using your findings in part c, which annuity has the greater present value at the end of year 10 at 20% interest? (Select the best answer below.) O A. Annuity C OB. Annuity D e. Briefly compare, contrast, and explain any differences between your findings using the 10% and 20% interest rates in parts b and d. (Select the best answer from the drop-down menus.) Annuity C, with an annual payment of $2,500 made at the end of the year, has a present value at 10% than Annuity D with an annual payment of $2,200 made at the beginning of the year. When the rate is to 20%, the shorter period of time to discount at the rate results in a value for Annuity D, despite the payment Time value-Annuities Personal Finance Problem Marian Kirk wishes to select the better of two 10-year annuities, C and D. Annuity C is an ordinary annuity of $2,500 per year for 10 years. Annuity D is an annuity due of $2,200 per year for 10 years. a. Find the future value of both annuities at the end of year 10, assuming that Marian can earn (1) 10% annual interest and (2) 20% annual interest. b. Use your findings in part a to indicate which annuity has the greater future value at the end of year 10 for both the (1) 10% and (2) 20% interest rates. c. Find the present value of both annuities, assuming that Marian can earn (1) 10% annual interest and (2) 20% annual interest. d. Use your findings in part c to indicate which annuity has the greater present value for both the (1) 10% and (2) 20% interest rates. e. Briefly compare, contrast, and explain any differences between your findings using the 10% and 20% interest rates in parts b and d. a. The future value of Annuity C at 10% interest is $. (Round to the nearest cent.) The future value of Annuity D at 10% interest is $ (Round to the nearest cent.) The future value of Annuity C at 20% interest is $. (Round to the nearest cent.) The future value of Annuity D at 20% interest is $. (Round to the nearest cent.) b. Using your findings in part a, which annuity has the greater future value at the end of year 10 at 10% interest? (Select the best answer below.) O Annuity C O Annuity D Using your findings in part a, which annuity has the greater future value at the end of year 10 at 20% interest? (Select the best answer below.) O A. Annuity D O B. Annuity C c. The present value of Annuity C at 10% interest is $ (Round to the nearest cent.) The present value of Annuity D at 10% interest is $ (Round to the nearest cent.) The present value of Annuity C at 20% interest is $ (Round to the nearest cent.) The present value of Annuity D at 20% interest is $17. (Round to the nearest cent.) d. Using your findings in part c, which annuity has the greater present value at the end of year 10 at 10% interest? (Select the best answer below.) O Annuity C O Annuity D Using your findings in part c, which annuity has the greater present value at the end of year 10 at 20% interest? (Select the best answer below.) O A. Annuity C OB. Annuity D e. Briefly compare, contrast, and explain any differences between your findings using the 10% and 20% interest rates in parts b and d. (Select the best answer from the drop-down menus.) Annuity C, with an annual payment of $2,500 made at the end of the year, has a present value at 10% than Annuity D with an annual payment of $2,200 made at the beginning of the year. When the rate is to 20%, the shorter period of time to discount at the rate results in a value for Annuity D, despite the payment