Question: 5. Problem 4-06 (Future Valuet Ordinary Annulty versus Annulty Due) Future Value: Ordinary Annulty versus Annuity Due What is the future value of a 6%,5-year
5. Problem 4-06 (Future Valuet Ordinary Annulty versus Annulty Due) Future Value: Ordinary Annulty versus Annuity Due What is the future value of a 6%,5-year ordinary annuity that pays $600 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. 5 x 5. Problem 4-06 (Future Valuet Ordinary Annulty versus Annulty Due) Future Value: Ordinary Annulty versus Annuity Due What is the future value of a 6%,5-year ordinary annuity that pays $600 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. 5 x
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