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Future value of an annuity due

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Future Value of an Annuity Due If the future value of an ordinary, 5-year annuity is $6,400 and interest rates are 8 percent, what's the future value of the same annuity due?

  • $6,720
  • $6,911.99
  • $6,400
  • $5,925.93

Reference no: EM131152461

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