Future Value: Ordinary Annuity versus Annuity Due What is the future value of a 5%, 5-year ordinary annuity that pays $800 each year?

Future Value: Ordinary Annuity versus Annuity Due

What is the future value of a 5%, 5-year ordinary annuity that pays $800 each year? Round your answer to the nearest cent.

$  

If this were an annuity due, what would its future value be? Round your answer to the nearest cent.

$