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eBook Future Value: Ordinary Annuity versus Annuity Due What is the future value of a 6%, 5-year ordinary annuity that pays $350 each year? Do

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Future Value: Ordinary Annuity versus Annuity Due

What is the future value of a 6%, 5-year ordinary annuity that pays $350 each year? Do not round intermediate calculations. Round your answer to the nearest cent.

$

If this were an annuity due, what would its future value be? Do not round intermediate calculations. Round your answer to the nearest cent.

$

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