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Unformatted text preview: Solution: -Please Press F2 to see the Calculations Ordinary annuity are payments made at the end of every year while annuity due is payme the year. In all the above answers, first one is ordinary annuity and second one is annuity higher future value as compared to ordinary, however it also means initial payment needs against one year later for ordinary annuity wer the question that follow. Annuity due $39,113.72 $4,544.51 $267,897.60 $138,241.92 $2,440,422.03 uity nt made at the beginning of due. Annuity due gives a s to be made right away as...
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This note was uploaded on 04/22/2011 for the course FIN & ACC 504 & 502 taught by Professor Harper&tai during the Spring '11 term at Grand Canyon.
- Spring '11