Question: 10. Problem 4-06 (Future Value: Ordinary Annuity versus Annuity Due) eBook Future Value: Ordinary Annuity versus Annuity Due What is the future value of a

10. Problem 4-06 (Future Value: Ordinary Annuity versus Annuity Due) eBook

10. Problem 4-06 (Future Value: Ordinary Annuity versus Annuity Due) eBook Future Value: Ordinary Annuity versus Annuity Due What is the future value of a 6%, 5-year ordinary annuity that pays $700 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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