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Whats the future value of a 5 5-year ordinary annuity that

Future value: annuity versus annuity due

a.What's the future value of a 5%, 5-year ordinary annuity that pays $500 each year? Round your answer to the nearest cent.
b. If this was an annuity due, what would its future value be? Round your answer to the nearest cent.

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Business Management: Whats the future value of a 5 5-year ordinary annuity that

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