Question: Explain detailed & simple ! thank you 5. Define the future value of a lump sum. 6. Discuss the difference between ordinary annuity and annuity

Explain detailed & simple ! thank you

5. Define the future value of a lump sum. 6. Discuss the difference between ordinary annuity and annuity due. 7. Define the present value of an ordinary annuity. 8. Define the present value of the annuity due. 9. Define the future value of an ordinary annuity. 10. Define the future value of an annuity due

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