14.1.19 Find the future value of an annuity due with an annual payment of â€‹$11 comma...

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Advance Math

14.1.19 Find the future value of an annuity due with an annualpayment of â€‹$11 comma 000 for three years at 3â€‹% annual interestusing the simple interest formula. How much wasâ€‹ invested? How muchinterest wasâ€‹ earned? What is the future value of theâ€‹ annuity? â€‹$nothing â€‹(Round to the nearest cent asâ€‹ needed.) Enter your answerin the answer box and then click Check Answer. 2 partsremaining
New problem 14.1.23 Find the future value of a quarterly annuitydue of â€‹$4 comma 100 for five years at 10â€‹% annual interestcompounded quarterly. How much wasâ€‹ invested? How much interestwasâ€‹ earned? LOADING... Click the icon to view the Future Value ofâ€‹$1.00 Ordinary Annuity table. The future value is â€‹$ nothing.â€‹(Round to the nearest cent asâ€‹ needed.) Enter your answer in theanswer box and then click Check Answer. 1 part remaining

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annuity due According to given information the deposits amount at the beginning of each year so it will be an annuity due payments We can use the formula for finding the future value as below FV C x 1 r n1 r 1r Here FV future value C Cash flow per See Answer

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