To compute the value of an annuity due, multiply the value of the ordinary annuity by (1+1) . You are planning to put $7,000 in the bank at the end of each year for the next six years in hopes that you will have enough money for a down payment on a condo. If you are investing at an annual interest rate of 7%, how much money will you have at the end of six years-rounded to the nearest whole dollar? $60,088 $50,073 $40,058 O $53,578 You've decided to deposit your money in the bank at the beginning of the year instead of the end of the year, but now you are making payments of $7,000 at an annual interest rate of 7%. How much money will you have available at the end of six years-rounded to the nearest whole dollar? $37,505 $75,009 $53,578 $50,073