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What's the future value of a 10%, 5-year ordinary annuity that pays $500 each year? If...

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Finance

What's the future value of a 10%, 5-year ordinary annuity thatpays $500 each year? If this was an annuity due, what would itsfuture value be? Do not round intermediate calculations. Round youranswers to the nearest cent.

Future Value of an Ordinary Annuity:   

Future Value of an Annuity Due:

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Information provided Annuity 500 Time 5 years Interest rate 10 Ordinary annuity refers to an annuity that occurs at the end of a period The future value of an ordinary annuity can be computed with the help of a financial calculator The    See Answer
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What's the future value of a 10%, 5-year ordinary annuity thatpays $500 each year? If this was an annuity due, what would itsfuture value be? Do not round intermediate calculations. Round youranswers to the nearest cent.Future Value of an Ordinary Annuity:   Future Value of an Annuity Due:

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