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Ordinary annuity versus annuity due

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Future Value: Ordinary Annuity versus Annuity Due

What is the future value of a 5%, 5-year ordinary annuity that pays $800 each year? Round your answer to the nearest cent.

$

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

$

Reference no: EM132218261

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