Question
For each of the cases shown in the following table, calculate the future value of the annuity, assuming that it is (1) An ordinary annuity,
For each of the cases shown in the following table, calculate the future value of the annuity, assuming that it is (1) An ordinary annuity, (2) An annuity due. (10 points)
| Case | Amount of Annuity ($) | Interest Rate (%) | Deposit Period | Ordinary Annuity | Annuity Due |
| A | 5,000 | 6 | 7 | ||
| B | 150,000 | 4 | 8 | ||
| C | 8,000 | 11 | 12 | ||
| D | 10,000 | 3 | 4 |
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
