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Which Among the following (general ) annuities will you choose based on the future value?...

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Accounting

Which Among the following (general ) annuities will you choose based on the future value?

Option 1

R= 500

I= 8.00 %

Period= 12

t(years) 2

Compounded: 2

Required: What is the future value ?

Option 2

R= 500

I= 8.00 %

Period= 12

t(years) 2

Compounded: 4

Required: What is the future value ?

Which one is the best option?

Answer & Explanation Solved by verified expert
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