Question: Future value: annuity versus annuity due a. What's the future value of a 4%, 5-year ordinary annuity that pays $700 each year? Round your answer

Future value: annuity versus annuity due

a. What's the future value of a 4%, 5-year ordinary annuity that pays $700 each year? Round your answer to the nearest cent.

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

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