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Determine what is the future value of an ordinary annuity

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Question 1: An insurance policy promises to pay $4,828 at the end of the year, for the next 7 years, at 11.01% interest rate, what is the present value of this annuity?

Question 2: What is the future value of an ordinary annuity with annual payments of $1,113 for 47 years at 7.42 per cent per annum compounded annually?

Reference no: EM132538711

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