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FUTURE VALUE: ANNUITY VERSUS ANNUITY DUE a. What's the future value of a 8%, 5-year ordinary annuity that pays $300 each year? Round your answer
FUTURE VALUE: ANNUITY VERSUS ANNUITY DUE a. What's the future value of a 8%, 5-year ordinary annuity that pays $300 each year? Round your answer to the nearest cent. b. If this was an annuity due, what would its future value be? Round your answer to the nearest cent
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