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What is the difference in the future value between a 5-year ordinary annuity and a 5-year annuity due? Both have annual payments of $4,257, evaluated
What is the difference in the future value between a 5-year ordinary annuity and a 5-year annuity due? Both have annual payments of $4,257, evaluated at a 10.4% annual interest rate? (Round your answer to two decimal places of $)
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