Future value of an annuity duean account manager has found, Ask an Expert

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Future Value of an Annuity Due

An account manager has found that the future value of $10,000, deposited at the end of each year, for five years at an annual interest rate of 2 percent will amount to $52,040.40. What is the future value of this scenario if the account manager deposits the money at the beginning of each year?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92803475

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