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Problem 5-14 Future value of an annuity Find the future values of these ordinary annuities . Compounding occurs once a year. Round your answers to

Problem 5-14 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. $300 per year for 6 years at 6%.

    $

  2. $150 per year for 3 years at 3%.

    $

  3. $400 per year for 14 years at 0%.

    $

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

  4. $300 per year for 6 years at 6%.

    $

  5. $150 per year for 3 years at 3%.

    $

  6. $400 per year for 14 years at 0%.

    $

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