Question: FUTURE VALUE: ANNUITY VERSUS ANNUITY DUE What's the future value of a 6%, 5-year ordinary annuity that pays $200 each year? Round your answer to

FUTURE VALUE: ANNUITY VERSUS ANNUITY DUE

  1. What's the future value of a 6%, 5-year ordinary annuity that pays $200 each year? Round your answer to the nearest cent.

$

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

$

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