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Calculate the future value of the following annuity streams:

• a. $5,000 received each year for 5 years on the last day of each year if your investments pay 6 percent compounded annually.
• b. $5,000 received each quarter for 5 years on the last day of each quarter if your investments pay 6 percent compounded quarterly.
• c. $5,000 received each year for 5 years on the first day of each year if your investments pay 6 percent compounded annually.
• d. $5,000 received each quarter for 5 years on the first day of each quarter if your investments pay 6 percent compounded quarterly.

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Category:- Basic Finance
Reference No.:- M9868743

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