Business Studies, asked by christineellazar75, 6 months ago

11. Assume you had planned to make 10 annuity payments to an investment. However, before you started paying in to the investment, you changed your mind, doubling your original payment amount while still making 10 payments. What happens to the maturity value of your new investment compared to that of your original plan? Will your new balance be exactly double, more than double, or less than double? Explain and justify your answer. (at least 5 sentences, 15 pts)

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Answered by hndhal
0

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