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Future Value

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What is the Future Value of an Annuity with $7000 for a period of 15 years at an interest rate of 9% per annum? Is there a difference in Future Value if the payments are due at the beginning and end of the period?

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Solution Summary

The Future Value of Annuity is calculated using function in Excel highlighting the difference between if the payments are made at the beginning and end of the period.

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