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(Future value of an annuity) Find the future value at the end of year 12 of an annuity that pays $1,500 per year for 12
(Future value of an annuity) Find the future value at the end of year 12 of an annuity that pays $1,500 per year for 12 years compounded annually at 8 percent. What would be the future value of this annuity if it were compounded annually at 15 percent? a. What would be the future value of this annuity if it were compounded annually at 8 percent? (Round to the nearest cent.) b. What would be the future value of this annuity if it were compounded annually at 15 percent? $ (Round to the nearest cent.)
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