What is the future value of this scenario if the account


Future Value of an Annuity Due

An account manager has found that the future value of $10,000, deposited at the end of each year, for five years at an annual interest rate of 2 percent will amount to $52,040.40. What is the future value of this scenario if the account manager deposits the money at the beginning of each year?

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Financial Management: What is the future value of this scenario if the account
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