Question
What is the future value of a 12%, 5-year ordinary annuity that pays $500 each year? Do not round intermediate calculations. Round your answer to
What is the future value of a 12%, 5-year ordinary annuity that pays $500 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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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins
4th Edition
0073527092, 978-0073527093
