Question: Future Value: Ordinary Annuity versus Annuity Due What is the future value of a 6%, 5-year ordinary annuity that pays $650 each year? Round your

Future Value: Ordinary Annuity versus Annuity Due

  1. What is the future value of a 6%, 5-year ordinary annuity that pays $650 each year? Round your answer to the nearest cent.
  2. If this were an annuity due, what would its future value be? Round your answer to the nearest cent.

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