Question
Future Value: Ordinary Annuity versus Annuity Due What is the future value of a 9%, 5-year ordinary annuity that pays $250 each year? Do not
Future Value: Ordinary Annuity versus Annuity Due
What is the future value of a 9%, 5-year ordinary annuity that pays $250 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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Introduction To Personal Finance Beginning Your Financial Journey
Authors: Lance Palmer, John E. Grable
2nd Edition
1119797063, 978-1119797067
