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What is the future value of a 7 % , 5 - year ordinary annuity that pays $ 4 5 0 each year? Do not

What is the future value of a

7 %, 5 -

year ordinary annuity that pays $

450

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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