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What is the future value of a twelve percen

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Problem 1: What is the future value of a 12%, 5-year ordinary annuity that pays $500 each year? Do not round intermediate calculations. Round your answer to the nearest cent.
 
Problem 2: If this were an annuity due, what would its future value be? Do not round intermediate calculations. Round your answer to the nearest cent.

Reference no: EM132789314

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