James smith has a 10-year ordinary annuity that pays 1500, Ask an Expert

Finance

James Smith has a 10-year ordinary annuity that pays $1,500 every 6 months and has an annual percentage rate (APR) of 7.5%.

a. Calculate the future value of this ordinary annuity.

b. Assuming this was an annuity due, calculate the future value of this annuity.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91592310

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