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Calculate the future value of this ordinary annuity

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A. James Smith has a 4-year ordinary annuity that pays $1,000 per year and has interest rate of 6%. A. Calculate the future value of this ordinary annuity.

B. Assuming this was an annuity due, calculate the future value of this annuity. How much money does Kristi need to have in her retirement savings account today if she wishes to withdraw $25,000 per year for 30 years. She expects to earn an average rate of 8%.

Reference no: EM132549541

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