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. $400 per year for 14 years at 14%.

   $

2. $200 per year for 7 years at 7%.

   $

3. $500 per year for 4 years at 0%.

   $

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

4. $400 per year for 14 years at 14%.

   $

5. $200 per year for 7 years at 7%.

   $

6. $500 per year for 4 years at 0%.

   $