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1. Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent.

1. $600 per year for 12 years at 4%.

   $

2. $300 per year for 6 years at 2%.

   $

3. $1,000 per year for 6 years at 0%.

   $

4. Rework parts a, b, and c assuming they are annuities due.

   Future value of $600 per year for 12 years at 4%: $

   Future value of $300 per year for 6 years at 2%: $

   Future value of $1,000 per year for 6 years at 0%: $

2. Find the present values of these ordinary annuities. Discounting occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent.

1. $200 per year for 14 years at 8%.

   $

2. $100 per year for 7 years at 4%.

   $

3. $400 per year for 7 years at 0%.

   $

4. Rework previous parts assuming they are annuities due.

   Present value of $200 per year for 14 years at 8%: $

   Present value of $100 per year for 7 years at 4%: $

   Present value of $400 per year for 7 years at 0%: $