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Find the future value of the following ordinary annuities: using the TVM CALCULATOR find a. FV of $400 each six month for five years at a simple rate of 12%, compounded semiannually. b. FV OF$200 each three months for five years at a simple rate of 12 percent, compounded quarterly c. the annuity in part b earns $101.75 more than the one in part a over the five years. why does this occurs??

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Financial Management, Finance

Category:- Financial Management
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