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# What is the future value of an ordinary annuity if you deposit \$1,500 per year for the next 5 years into an account that earns an interest rate of 5

could you finish these two finance questions.

thank you

What is the future value of an ordinary annuity if you deposit \$1,500 per year for the next 5 years into an account that earns an interest rate of 5 percent annually? A. \$8,288 B. \$1,914 C. \$7,500 D. \$6,322 What is the future value of an ordinary annuity if you deposit \$500 per year for the next 10 years in an account that earns an interest rate of 4 percent annually? A. \$5,000 B. \$5,263 C. \$1,700 D. \$6,003

1. Future value of an ordinary annuity= FVAn= R(FVIFA 5% ,5) R=... View the full answer

Compute the future value of an annuity due if \$1,500 is deposited per year for next 5 years into an account that earns... View the full answer

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