eBook

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.

a$.$ $$800$ per year for $16$ years at $12\%.$

$

b$.$ $$400$ per year for $8$ years at $6\%.$

$

c$.$ $$1,000$ per year for $8$ years at $0\%.$

$

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

Future value of $$800$ per year for $16$ years at $12\%$ : $

Future value of $$400$ per year for $8$ years at $6\%$ : $

Future value of $$1,000$ per year for $8$ years at $0\%$ : $