Question
Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Round your answers to the nearest
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. $200 per year for 14 years at 16%. $ b. $100 per year for 7 years at 8%. $ c. $400 per year for 7 years at 0%. $ d. Rework parts a, b, and c assuming they are annuities due. Future value of $200 per year for 14 years at 16%: $ Future value of $100 per year for 7 years at 8%: $ Future value of $400 per year for 7 years at 0%: $
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
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