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Time value of money calculations can be solved using a mathematical equation, a financial calculator, or...

Time value of money calculations can be solved using a mathematical equation, a financial calculator, or a spreadsheet. Which of the following equations can be used to solve for the future value of an ordinary annuity?

1) PMT x {1 – [1/(1 + r)nn]}/r

2) PMT x {[(1 + r)nn – 1]/r}

3) FV/(1 + r)nn

4) PMT x {[(1 + r)nn – 1]/r} x (1 + r)

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