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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. $700 per year for 8 years at 4%.
b. $350 per year for 4 years at 2%.
c. $ $600 per year for 12 years at 0%.
d. Rework parts a, b, and c assuming they are annuities due.
- Future value of $700 per year for 8 years at 4%:
- Future value of $350 per year for 4 years at 2%:
- Future value of $600 per year for 12 years at 0%:
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