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Business, 13.09.2019 03:30 kale2158

Marian kirk wishes to select the better of two 10-year annuities, c and d. annuity c is an ordinary annuity of $2,500 per year for 10 years. annuity d is an annuity due of $2,200 per year for 10 years.
a. find the future value of both annuities at the end of year 10, assuming that marian can earn
(1) 10% annual interest and
(2) 20% annual interest.
b. use your findings in part a to indicate which annuity has the greater future value at the end of year 10 for both the
(1) 10% and
(2) 20% interest rates.

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