What is the future value of a 3 5-year ordinary annuity


What is the future value of a 3%, 5-year ordinary annuity that pays $650 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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Financial Management: What is the future value of a 3 5-year ordinary annuity
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