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You have a 5-year ordinary annuity compounded at 6% which pays $100 per year. What is the future value? What is the FV if its

You have a 5-year ordinary annuity compounded at 6% which pays $100 per year. What is the future value? What is the FV if its an annuity due?

a) $563.71, $597.53

b) 597.53, 563.71

c) 584.45, 597.53

d) 501.25, 563.71

need to know how to do it

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