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problem: Use excel spreadsheet and the FV

R=annual interest rate and 

t= number of years. 

When there are multiple cash flows every year, the amount of the annuity shown below is the amount of each individual cash flow [not the sum cash flow for the year]. Give all answers to the nearest dollar.

Future value of a 238 annuity when R=seven percent compounded annually & t=16

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  • Reference No.:- M917412

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