Question
What is the future value of an 11%, 5-year ordinary annuity that pays $500 each year? Do not round intermediate calculations. Round your answer to
What is the future value of an 11%, 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 Literacy And Money Script A Caribbean Perspective
Authors: Christine Sahadeo
1st Edition
3319770748, 978-3319770741
