Question
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: See the Hint to
Problem 4-9. 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.)
a. $600 per year for 10 years at 14%
b. $300 per year for 5 years at 7%
c. $600 per year for 5 years at 0%
d. Now rework parts a, b, and c assuming that payments are made at the beginning of
each year; that is, they are annuities due.
PLEASE SHOW YOUR WORK
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