Future Value: Ordinary Annuity versus Annuity Due 1.What is the future value of a 10%, 5-year ordinary
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Future Value: Ordinary Annuity versus Annuity Due
1.What is the future value of a 10%, 5-year ordinary annuity that pays $800 each year? Round your answer to the nearest cent.
2. If this were an annuity due, what would its future value be? Round your answer to the nearest cent.
Related Book For
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
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