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What is the future value of an eight percent

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Reference no: EM132954584

Problem 1: What is the future value of an 8%, 5-year ordinary annuity that pays $400 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: EM132954584

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