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Problem 5-9 Spreadsheet Problem: Future Values of an Ordinary Annuity and Annuity Due (LG5-6) What is the future value of a $100 annual payment over

Problem 5-9 Spreadsheet Problem: Future Values of an Ordinary Annuity and Annuity Due (LG5-6)

What is the future value of a $100 annual payment over 10 years if interest rates are 4 percent using both end-of-year and beginning-of-year payments?

Note: Round your final answers to 2 decimal places.

Future Value =

Future Value Due=

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