Question: FUTURE VALUE: ANNUITY VERSUS ANNUITY DUE a. What's the future value of a 7%, 5-year ordinary annuity that pays $400 each year? Round your answer

FUTURE VALUE: ANNUITY VERSUS ANNUITY DUE a. What's the future value

FUTURE VALUE: ANNUITY VERSUS ANNUITY DUE a. What's the future value of a 7%, 5-year ordinary annuity that pays $400 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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