what is the future value?

Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). However, an exception occurs when the ennuty payments come at the beginning of each period (termed an annuty due) What is the future value of a 7-year annuity of $3,700 per period where payments come at the beginning of each period? The interest rate is 10 percent. Use AppendixC for an approximate answer, but calculate your final answer using the formula and financial calculotor methods. To find the future value of an annulty due when tising the Appendir tables, odel to to and subtrace 1 from the tabular value. For example, to find the future value of a $100 payment at the beginning of each period for five periods af 10 percent, go to Appendix. C for n=6 and i=10 percent, Look up the value of 7.716 and subtract 1 from it for an answer of 6.716 or $67160($1006716) Note: Do not round intermediate calcutations. Round your final answer to 2 decimal piaces