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Calculate the value of an annuity due after two years

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Reference no: EM131627672

Question: 1. Manually calculate the value of an annuity due after two years of $4,000 payments at 4.25% compounded annually

2. DeMarco receives $5,000 semiannually from his grandmother's estate. He invests the money at 3.8% compounded semiannually. How much will he have after two years investing as an annuity due?

Reference no: EM131627672

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