Answered You can hire a professional tutor to get the answer.
QUESTION
Future Value: Ordinary Annuity versus Annuity Due What is the future value of a 5%, 5-year ordinary annuity that pays $800 each year?
Future Value: Ordinary Annuity versus Annuity Due
What is the future value of a 5%, 5-year ordinary annuity that pays $800 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.
$
