What is the future value if the payments are an ordinary, Financial Management

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What is the future value if the payments are an ordinary

Suppose you are going to receive $20,000 per year for 5 years. The appropriate interest rate is 7 percent. Suppose you plan to invest the payments and withdraw the money in 10 years. What is the future value if the payments are an ordinary annuity? What if the payments are an annuity due?

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Financial Management: What is the future value if the payments are an ordinary

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