What’s the future value of a 5%, 5-year ordinary annuity that pays $800 at the end...

What’s the future value of a 5%, 5-year ordinary annuity that pays $800 at the end of each year?

If this was an annuity due (pays at beginning of each year), what would its future value be?

Taken from

Principles of Managerial Finance

Edition 15

Chad J. Zutter; Scott B. Smart

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jeff jeffy answered 2 years ago

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