Question: # 6 Future Value: Ordinary Annuity versus Annuity Due What is the future value of an 8 % , 5 - year ordinary annuity that

#6
Future Value: Ordinary Annuity versus Annuity Due
What is the future value of an 8%,5-year ordinary annuity that pays $400 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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