Determine the future value of annuity problems, Financial Accounting

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Determine the future value of annuity problems

Future Value of Annuity

Solve the following future value of annuity problems:

1. What is the future value on December 31, 2016 of seven cash flows of $10,000, with the first cash payment being made on December 31, 2010 and interest at 12% being compounded annually?

2. What is the future value on December 31, 2017 of seven cash flows of $10,000, with the first cash payment made on December 31, 2010 and interest at 12% being compounded annually?

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Financial Accounting: Determine the future value of annuity problems

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