Question: 6. Problem 5.06 (Future Value: Annuity Versus Annuity Due) eBook What's the future value of an 11%, 5-year ordinary annuity that pays $700 each year?

6. Problem 5.06 (Future Value: Annuity Versus Annuity Due) eBook What's the future value of an 11%, 5-year ordinary annuity that pays $700 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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