1. Can some one please help?
What is the future value of a 5-year annuity due that promises to pay you $300 e
each year? The rate of the interest is 7 percent. What is the future v
alue of a 5-year annuity due that promises to pay you $300 each year? Assume tha
t all payments are reinvested at 7 percent a year, until year 5.
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