5-7: Future Value of an Ordinary Annuity 5-8: Future value of an Annuity Due Future...
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5-7: Future Value of an Ordinary Annuity 5-8: Future value of an Annuity Due Future value: annuity versus annuity due a. What's the future value of a 4%,5-year ordinary annuity that pays $800 each year? Round your answer to the nearest cent. $ b. If this was an annuity due, what would its future value be? Round your answer to the nearest cent. 5
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