Question: eBook Future Value: Ordinary Annuity versus Annuity Due What is the future value of a 7%, 5-year ordinary annuity that pays $400 each year? Do

eBook Future Value: Ordinary Annuity versus Annuity Due

What is the future value of a 7%, 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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