Find what is the future value of five-year ordinary annuity

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Question 1: What is the future value of a 12%, 5-year ordinary annuity that pays $650 each year? Do not round intermediate calculations. Round answer to the nearest cent.

Question 2: If this were an annuity due, what would its future value be? Do not round intermediate calculations. Round answer to the nearest cent.

Reference no: EM132649775

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