Problem 4-6 Future Value: Ordinary Annuity versus Annuity Due (Problem set 1 cengage)

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Problem 4-6
Future Value: Ordinary Annuity versus Annuity Due

What is the future value of a 8%, 5-year ordinary annuity that pays $350 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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