FUTURE VALUE OF AN ANNUITY

Find the future values of these ordinary annuities. Compounding occurs once a year. Round your answers to the nearest cent.

1. $700 per year for 8 years at 12%.

   $

2. $350 per year for 4 years at 6%.

   $

3. $700 per year for 10 years at 0%.

   $

   Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent.

4. $700 per year for 8 years at 12%.

   $

5. $350 per year for 4 years at 6%.

   $

6. $700 per year for 10 years at 0%.