What's the future value of a 10%, 5-year ordinary annuity that pays $400 each year? If...

What's the future value of a 10%, 5-year ordinary annuity that pays $400 each year? If this was an annuity due, what would its future value be? Do not round intermediate calculations. Round your answers to the nearest cent.

Future Value of an Ordinary Annuity: $

Future Value of an Annuity Due:

You borrow $270,000; the annual loan payments are $17,563.89 for 30 years. What interest rate are you being charged? Round your answer to the nearest whole number.

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Expert Solution

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jeff jeffy answered 2 years ago

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