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Time value-Annuities Personal Finance Problem Marian Kirk wishes to select the better of two 12-year annuities, C and D. Annuity C is an ordinary annuity

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Time value-Annuities Personal Finance Problem Marian Kirk wishes to select the better of two 12-year annuities, C and D. Annuity C is an ordinary annuity of $2,700 per year for 12 years. Annuity D is an annuity due of $2,370 per year for 12 years. a. Find the future value of both annuities at the end of year 12, assuming that Marian can earn (1) 12% annual interest and (2) 24% annual interest. b. Use your findings in part a to indicate which annuity has the greater future value at the end of year 12 for both the (1) 12% and (2) 24% interest rates.. c. Find the present value of both annuities, assuming that Marian can earn (1) 12% annual interest and (2) 24% annual interest. d. Use your findings in partc to indicate which annuity has the greater present value for both the (1) 12% and (2) 24% interest rates. e. Briefly compare, contrast, and explain any differences between your findings using the 12% and 24% interest rates in parts b and d. a. The future value of Annuity C at 12% interest is $. (Round to the nearest cent.)

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