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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.
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. $400 per year for 12 years at 8%
b. $200 per year for 6 years at 4%.
c. $600 per year for 6 years at 0%.
d. Rework parts a, b, and c assuming they are annuities due.
-Future value of $400 per year for 12 years at 8%:
-Future value of $200 per year for 6 years at 4%:
-Future value of $600 per year for 6 years at 0%
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