Question: Problem 4 - 0 6 ( Future Value: Ordinary Annuity versus Annuity Due ) Future Value: Ordinary Annuity versus Annuity Due What is the future

Problem 4-06(Future Value: Ordinary Annuity versus Annuity Due)
Future Value: Ordinary Annuity versus Annuity Due
What is the future value of a 7%,5-year ordinary annuity that pays $300 each year? Do not round intermediate calculations. Round your answer to the nearest cent.
$
If this were an annuity due, what would its future value be? Do not round intermediate calculations. Round your answer to the nearest cent.
$
Problem 4-06(Future Value: Ordinary Annuity versus Annuity Due) Future Value: Ordinary

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