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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

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.

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