Problem 5-13 Future Value of an Annuity Due (LG5-6) If the future value of an ordinary,...

Question

Question

business finance

Answer 1

Answer #1

Calculating of the ordinary annuity:-

=PMT(rate,nper,pv,fv)

=PMT(7.5%,6,,6600)

=911.10

Future value of annuity due:-

=FV(7.5%,6,911.10,,1)

=7095

Answer 2

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