Economics Future value= annuity versus annuity due What the future value of a 5%, 5 year ordinary annuity that pays $800 each year? If this was an annuity due, what would its future value be? (please give typed answer! No handwritten)

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Economics
Future value= annuity versus annuity due What the future
value of a 5%, 5 year ordinary annuity that pays $800
each year? If this was an annuity due, what would its
future value be?
( please give typed answer ! No handwritten)
Transcribed Image Text:Economics Future value= annuity versus annuity due What the future value of a 5%, 5 year ordinary annuity that pays $800 each year? If this was an annuity due, what would its future value be? ( please give typed answer ! No handwritten)
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