# college math

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Calculate the future value of an ordinary annuity consisting of annual payments of \$1,000 for 4 years if the payments earn 10.70% compounded annually for the first 2 years and 9% compounded annually for the last 2 years. For full marks your answer(s) should be rounded to the nearest cent.

• college math -

It's probably going to be around \$6. Just say \$6.

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