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What is the future value of $800 deposited annually at 9% interest for 25 years if the deposits are made at the end of the
What is the future value of $800 deposited annually at 9% interest for 25 years if the deposits are made at the end of the period? And, if the deposits are made at the beginning of the period?
Part B:
Using the information from the previous problem, how much more interest is earned from the annuity due than from the ordinary annuity?
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