Question: Please show step by step calculation and no short cut; show calculation of ^5. Problem 4-6 Future Value: Ordinary Annuity versus Annuity Due What is

Please show step by step calculation and no short cut; show calculation of ^5.

Please show step by step calculation and no short cut; show calculation

Problem 4-6 Future Value: Ordinary Annuity versus Annuity Due What is the future value of a 8%, 5-year ordinary annuity that pays $250 each year? Round your answer to the nearest cent. $ If this were an annuity due, what would its future value be? Round your answer to the nearest cent. $

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