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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.
$700 per year for 6 years at 4%.
$350 per year for 3 years at 2%.
$1,000 per year for 4 years at 0%.
Rework parts a, b, and c assuming they are annuities due.
Future value of $700 per year for 6 years at 4%:
Future value of $350 per year for 3 years at 2%:
Future value of $1,000 per year for 4 years at 0%:
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