1. What's the future value of a 6%, 5-year ordinary annuity that pays $700 each year? Round your answer to the nearest cent.
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If this was an annuity due, what would its future value be? Round your answer to the nearest cent.
2. You have just started your first job. you to plan to start saving for retirement early and and invest 1,000 at the end of each year for the next 40 years in a fund that will earn a return of 6%. how much will you have at the end of 40 years?