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Whats the future value of a 8 5-year ordinary annuity that

Future value: annuity versus annuity due

What's the future value of a 8%, 5-year ordinary annuity that pays $700 each year? Round your answer to the nearest cent.

If this was an annuity due, what would its future value be? Round your answer to the nearest cent.

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Financial Management: Whats the future value of a 8 5-year ordinary annuity that

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