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To compute the value of an annuity due, multiply the value of the ordinary annuity by You are planning to put $3,000 in the bank

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To compute the value of an annuity due, multiply the value of the ordinary annuity by You are planning to put $3,000 in the bank at the end of each year for the next eight years in hopes that you will have enough money for a new boat. If you are investing at an annual interest rate of 9%, how much money will you have at the end of eight years-rounded to the nearest whole dollar? $33,085 $36,063 $26,468 $39,702 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 $3,000 at an annual interest rate of 9%. How much money will you have available at the end of eight years rounded to the nearest whole dollar? $25,244 $36,063 $33,085 $50,488 Save & Continue

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