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Using j1 = 7% p.a., find the future value at 1 June 2013 of an annuity with annual payments of $5 000 payable from 1
Using j1 = 7% p.a., find the future value at 1 June 2013 of an annuity with annual payments of $5 000 payable from 1 June 2003 to 1 June 2013 inclusive. Answer this question by, first, drawing a cash flow diagram, then writing down the equation of value, and then solving it
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