ompute the future values of the following annuities first assuming that payments are made on the last day of the period and then ssuming payments are made on the first day of the period: (Do not round intermediate calculations. Round your answers to 2 ecimal places. (e.g., 32.16)) Payment $ 183 5,155 75,084 167,932 Years 13 8 5 9 Interest Rate (Annual) 12 % 11 13 4 Future Value (Payment made on last day of period) . Future Value (Payment made on first day of period)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Compute the future values of the following annuities first assuming that payments are made on the last day of the period and then
assuming payments are made on the first day of the period: (Do not round intermediate calculations. Round your answers to 2
decimal places. (e.g., 32.16))
Payment
$
183
5,155
75,084
167,932
Years
13
8
5
9
Interest Rate
(Annual)
12%
11
13
4
Future Value (Payment
made on last day of
period)
4
Future Value (Payment
made on first day of
period)
Transcribed Image Text:Compute the future values of the following annuities first assuming that payments are made on the last day of the period and then assuming payments are made on the first day of the period: (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) Payment $ 183 5,155 75,084 167,932 Years 13 8 5 9 Interest Rate (Annual) 12% 11 13 4 Future Value (Payment made on last day of period) 4 Future Value (Payment made on first day of period)
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