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What is the future value of the annuity at ten years

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Reference no: EM132835944

An investor is offered an annuity (X) that pays out $1000 a year for the next 10 years in an interest rate environment that pays 3% compounded once a year.

Problem 1: What is the present value of the annuity?

Problem 2: What is the future value of the annuity at 10 years?

Reference no: EM132835944

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