I am having a a difficult time understanding this question. The first part of the question I answered incorrectly. Thanks for the help.
Homework Answers
For Annuity A,
FV = 15000 * 10.1591
FV = $152,386.6
![- 1] FV of Annuity Due = (1 + r) x P P= Periodic Payment r=rate per period n = number of periods](http://img.homeworklib.com/questions/1edd5980-5d15-11ea-b528-fd8751acdd2d.png?x-oss-process=image/resize,w_560)
FV = 1.07 * 8000 * 17.8885
FV = $153,125.1
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