Find the future value of a 10-year annuity due with payments of $23,000 and an annually compounded interest rate of 4%. The future value is $ (Round to the nearest cent.)

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....
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Find the future value of a 10-year annuity due with payments of $23,000 and an annually compounded interest rate of
4%.
The future value is $. (Round to the nearest cent.)
Transcribed Image Text:Find the future value of a 10-year annuity due with payments of $23,000 and an annually compounded interest rate of 4%. The future value is $. (Round to the nearest cent.)
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