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What is the future value of an ordinary annuity if you deposit $1,500 per year for the next 5 years into an account that earns an interest rate of 5

could you finish these two finance questions.

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What is the future value of an ordinary annuity if you deposit $1,500 per year for the next 5 years into an account that earns an interest rate of 5 percent annually? A. $8,288 B. $1,914 C. $7,500 D. $6,322 What is the future value of an ordinary annuity if you deposit $500 per year for the next 10 years in an account that earns an interest rate of 4 percent annually? A. $5,000 B. $5,263 C. $1,700 D. $6,003
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1. Future value of an ordinary annuity= FVAn= R(FVIFA 5% ,5) R=... View the full answer

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Compute the future value of an annuity due if $1,500 is deposited per year for next 5 years into an account that earns... View the full answer

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