Future Value: Ordinary Annuity versus Annuity Due What is the future value of an 8%,...
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Future Value: Ordinary Annuity versus Annuity Due
What is the future value of an 8%, 5-year ordinary annuity that pays $550 each year?
Do not round intermediate calculations.
Round your answer to the nearest cent. $ __________
If this were an annuity due, what would its future value be?
Do not round intermediate calculations. Round your answer to the nearest cent. $_________
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