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Future value-annuity versus annuity due

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Future value: annuity versus annuity due

What's the future value of a 8%, 5-year ordinary annuity that pays $700 each year? Round your answer to the nearest cent.

$ 

If this was an annuity due, what would its future value be? Round your answer to the nearest cent.

$  

Reference no: EM13847256

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