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6. What's the future value of a 11%, 5-year ordinary annuity that pays $100 each year? Round your answer to the nearest cent. $ If

6.

  1. What's the future value of a 11%, 5-year ordinary annuity that pays $100 each year? Round your answer to the nearest cent.

$

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

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