Find the future value of the following annuities The first payment in these annuities is made at the end of Year 1, so they are ordinary annuities ( Notes If you are using a financial calculator, you can enter the known values and then press the appropriate key to find the unknown variable Then, without clearing the TVM register, you can override the variable that changes by simply entering a new value for it and then pressing the key for the unknown variable to obtain the second answer This procedure can be used in many situations, to see how changes in input variables affect the output variable Also, note that you can leave values in the TVM register, switch to Begin Mode, press FV, and find the FV of the annuity due ) Do not round intermediate calculations Round your answers to the nearest cent $200 per year for 10 years at 10 $ $100 per year for 5 years at 5 $ $200 per year for 5 years at 0 $ Now rework parts a, b, and c assuming that payments are made at the beginning of each year that is, they are annuities due Future value of $200 per year for 10 years at 10 $ Future value of $100 per year for 5 years at 5 $ Future value of $200 per year for 5 years at 0 $ Find the present value of the following ordinary annuities ( Notes If you are using a financial calculator, you can enter the known values and then press the appropriate key to find the unknown variable Then, without clearing the TVM register, you can override the variable that changes by simply entering a new value for it and then pressing the key for the unknown variable to obtain the second answer This procedure can be used in many situations, to see how changes in input variables affect the output variable Also, note that you can leave values in the TVM register, switch to Begin Mode, press PV, and find the PV of the annuity due ) Do not round intermediate calculations Round your answers to the nearest cent $800 per year for 10 years at 12 $ $400 per year for 5 years at 6 $ $800 per year for 5 years at 0 $ Now rework parts a, b, and c assuming that payments are made at the beginning of each year that is, they are annuities due Present value of $800 per year for 10 years at 12 $ Present value of $400 per year for 5 years at 6 $ Present value of $800 per year for 5 years at 0

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 23, 2024

Find the future value of the following annuities. The first payment in these annuities is made at the end of Year 1, so they are

Find the future value of the following annuities. The first payment in these annuities is made at the end of Year 1, so they are ordinary annuities. (Notes: If you are using a financial calculator, you can enter the known values and then press the appropriate key to find the unknown variable. Then, without clearing the TVM register, you can "override" the variable that changes by simply entering a new value for it and then pressing the key for the unknown variable to obtain the second answer. This procedure can be used in many situations, to see how changes in input variables affect the output variable. Also, note that you can leave values in the TVM register, switch to Begin Mode, press FV, and find the FV of the annuity due.) Do not round intermediate calculations. Round your answers to the nearest cent.

$200 per year for 10 years at 10%.

$
$100 per year for 5 years at 5%.

$
$200 per year for 5 years at 0%.

$
Now rework parts a, b, and c assuming that payments are made at the beginning of each year; that is, they are annuities due.

Future value of $200 per year for 10 years at 10%: $

Future value of $100 per year for 5 years at 5%: $

Future value of $200 per year for 5 years at 0%: $
Find the present value of the following ordinary annuities. (Notes: If you are using a financial calculator, you can enter the known values and then press the appropriate key to find the unknown variable. Then, without clearing the TVM register, you can "override" the variable that changes by simply entering a new value for it and then pressing the key for the unknown variable to obtain the second answer. This procedure can be used in many situations, to see how changes in input variables affect the output variable. Also, note that you can leave values in the TVM register, switch to Begin Mode, press PV, and find the PV of the annuity due.) Do not round intermediate calculations. Round your answers to the nearest cent.
$800 per year for 10 years at 12%.

$
$400 per year for 5 years at 6%.

$
$800 per year for 5 years at 0%.

$
Now rework parts a, b, and c assuming that payments are made at the beginning of each year; that is, they are annuities due.

Present value of $800 per year for 10 years at 12%: $

Present value of $400 per year for 5 years at 6%: $

Present value of $800 per year for 5 years at 0%: