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Question(s) / Instruction(s):

                Annuity Payment             Annual Rate       Interest Compounded            Period Invested      

1.            $2,700                                   11%                                          Annually                            7 years 

2.            7,200                                     4                                               Semi-annually                  7 years 

3.            4,600                                     8                                                Quarterly                           2 years 

Required:

Calculate the future value of the following annuities, assuming each annuity payment is made at the end of each compounding period.

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