Question
What's the future value of an 8%, 5-year ordinary annuity that pays $100 each year? If this was an annuity due, what would its future
What's the future value of an 8%, 5-year ordinary annuity that pays $100 each year? If this was an annuity due, what would its future value be? Do not round intermediate calculations. Round your answers to the nearest cent.
Future Value of an Ordinary Annuity:$
Future Value of an Annuity Due:
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
1259252221, 007786168X, 9781259252228, 978-0077861681
