Calculate the future value of the following annuity streams: a. $5,000 received each year for five...

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Finance

Calculate the future value of the following annuity streams:
a. $5,000 received each year for five years on the last day ofeach year if your investments pay 6 percent compoundedannually.
b. $5,000 received each quarter for five years on the last dayof each quarter if your investments pay 6 percent compoundedquarterly.
c. $5,000 received each year for five years on the first day ofeach year if your investments pay 6 percent compoundedannually.
d. $5,000 received each quarter for five years on the first dayof each quarter if your investments pay 6 percent compoundedquarterly.

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a Annuity Value 5000 Annuity Tenure 5 years Annuity Frequency Annual Interest Rate 6 Compounding FrequencyAnnual Applicable Interest Rate Annual Interest Rate Compounding Frequency per Annum 6 1 6 Total Future Value 5000 x 1064 5000 5000 x See Answer

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