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13 December, 19:14

If the future value of an ordinary, six-year annuity is $8,500 and interest rates are 9.5 percent, what's the future value of the same annuity due?

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  1. 13 December, 19:39
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    The future value of the same annuity due is $9307.50

    Explanation:

    FVA6 = 8500 * (1 + 9.5%)

    = $9307.50

    Therefore, The future value of the same annuity due is $9307.50
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