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9. FUTURE VALUE OF AN ANNUITY Find the future values of these ordinary annuities. Compounding occurs once a year. Round your answers to the nearest
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FUTURE VALUE OF AN ANNUITY Find the future values of these ordinary annuities. Compounding occurs once a year. Round your answers to the nearest cent. a. $800 per year for 4 years at 16%. $ 9052.20 b. $400 per year for 2 years at 8%. $ 5831 c. $200 per year for 2 years at 0%. $ 200 Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent. d. $800 per year for 4 years at 16%. $ 2238.54 e. $400 per year for 2 years at 8%. $ 713.31 f. $200 per year for 2 years at 0%. $ 200Step by Step Solution
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