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Compute the future value of a $100 annual annuity for the same combination of rates and time periods as in problem 1. (Round your answers
Compute the future value of a $100 annual annuity for the same combination of rates and time periods as in problem 1. (Round your answers to the nearest cent. Round FVA factors to 4 decimal places.) |
a. | r = 8%, t = 10 years | |
FV of annuity | $ | |
b. | r = 8%, t = 20 years | |
FV of annuity | $ | |
c. | r = 4%, t = 10 years | |
FV of annuity | $ | |
d. | r = 4%, t = 20 years | |
FV of annuity | $ |
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