if the future value of an ordinary 7 year annuity is 10000 and interest rate is 4 % what's the value of the same annuity due
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- In ordinary annuities, payments are made at the end of each period. With annuities due, they're made at the beginning of the period.
- The future value of an annuity is the total value of payments at a specific point in time.
- The present value is how much money would be required now to
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