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Compute the future values of the following first assuming that payments are made on the last day of the period and then assuming payments are made on the first day of the period: Note: Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).

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Here is a structured analysis of the possible future value results for the two scenarios (payments made on the last day of the period vs. payments made on the first day of the period), based on the four given payments, their years, and annual interest rates. First, restating the data for clarity (as presented): - Row 1: Payment = 223, Years = 14, Interest Rate = 12% - Row 2: Payment = 5,555, Years = 9, Interest Rate = 13% - Row 3: Payment = 75,484, Years = 6, Interest Rate = 15% - Row 4: Payment = 168,332, Years = 10, Interest Rate = 6% A standard approach to compare the two scenarios is: - Ordinary annuity (payments at the end of each period): FV_ordinary = P × [((1 + i)^n − 1) / i] - Annuity due (payments at the beginning of each period): FV_due = FV_ordinary × (1 + i) Where P is the periodic payment, i is the annual interest rate (as a decimal), and n is the number of periods (years). Given four rows, you would compute four FV values for the ordinary annuity (last-day payments) and then four FV values for the annuity due (first-day payments) by multiplying each FV_ordinary by (1 + i). Now examine each candidate value as if it were one of the options you might select: - Option group A: 7223.55, 8090.38, 85634.25, 96766.71 • These look like rela......Login to view full explanation

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