Question: Future Value: Ordinary Annuity versus Annuity Due What is the future value of a 10%, 5-year ordinary annuity that pays $450 each year? If this

Future Value: Ordinary Annuity versus Annuity Due

What is the future value of a 10%, 5-year ordinary annuity that pays $450 each year?

If this were an annuity due, what would its future value be?

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