Question: 6. Problem 5.06 (Future Value: Annuity Versus Annuity Due) eBook What's the future value of a 10%, 5-year ordinary annuity that pays $800 each year?

6. Problem 5.06 (Future Value: Annuity Versus Annuity Due) eBook What's the future value of a 10%, 5-year ordinary annuity that pays $800 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: $ 7. Problem 5.07 (Present and Future Values of a Cash Flow Stream) eBook Problem Walk-through An investment will pay $100 at the end of each of the next 3 years, $200 at the end of Year 1, $350 at the end of Year 5, and $600 at the end of Year 6. If other investments of equal risk earn 5% annually, what is its present value? Its future value? Do not round intermediate calculations. Round your answers to the nearest cent. Present value: $ Future value: $
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