Question: FUTURE VALUE: ANNUITY VERSUS ANNUITY DUE A. What's the future value of a 12%, 5-year ordinary annuity that pays $800 each year? Round your answer

FUTURE VALUE: ANNUITY VERSUS ANNUITY DUE

A. What's the future value of a 12%, 5-year ordinary annuity that pays $800 each year? Round your answer to the nearest cent.

Answer $5082.28

B. If this was an annuity due, what would its future value be? Round your answer to the nearest cent.

I can't figure out the formula to calculate annuity due future value. If you could please include the formula for using a texan Instruments BAII Plus calculator. Thank you.

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