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Problem 4-18 Future Value of an Annuity for Various Compounding Periods Find the future values of the following ordinary annuities: a. FV of $800 paid

Problem 4-18

Future Value of an Annuity for Various Compounding Periods

Find the future values of the following ordinary annuities:

a. FV of $800 paid each 6 months for 8 years at a nominal rate of 8%, compounded semiannually. Round your answer to the nearest cent. 17450.62

FV of $400 paid each 3 months for 8 years at a nominal rate of 8%, compounded quarterly. Round your answer to the nearest cent. ?

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