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3. How much will the future value of an annual annuity of $35 be worth after...

3. How much will the future value of an annual annuity of $35 be worth after 13 years at 3% interest if interest is compounded annually, semi-annually, quarterly, monthly and daily? Fill in the table below with your answers. Hint: if the compounding is annually, there is one $35 payment in a year, if the compounding is semi-annually, there are two $17.50 payments in a year, etc.. Annual Semi-annual Quarterly Monthly Daily

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SOLVED WITH BA II PLUS CALCULATOR

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