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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)

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
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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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