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Annuity payments are assumed to come at the end of each payment peniod (permed an...

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Annuity payments are assumed to come at the end of each payment peniod (permed an ordinary annuty). However, an excepbion occurs when the annuity payments come at the beginning of each peniod permed an annuity due) What is the future value of a 13-year annuity of $3,500 per peniod where payments come at the beginning of each period? The interest rate is 10 percent. Use Appendx C for an approximate answer but calculate your final answer using the formula and financial calculator methods. To find the future value of an annity due when using the Appendix tabies, add 1 to n and subtract 1 trom the tabular value For example, to nnd the Mure value or a $100 payment at the te ming of each period for tve pensat 10 percent o to Appendix lor n:6and10pecent Lock up the value of 77 and subract 1 trom it for an answer of 6 716 or 5671.60 (5100 x 6716) (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Future value

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