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Question 8 (1 point) A 7%, 5-year annuity pays $400.00 each year. What is the future value of the annuity? (Answer to the nearest cent.

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Question 8 (1 point) A 7%, 5-year annuity pays $400.00 each year. What is the future value of the annuity? (Answer to the nearest cent. i.e. one thousand dollars would be entered 1000.00) Your Answer: Answer Question 9 (1 point) A 5.0%, 9-year ordinary annuity pays $250.00 each year. What is the future value of the annuity? (Answer to the nearest cent. I.e. one thousand dollars would be entered 1000.00) Your Answer: Answer Question 10 (1 point) You expect to make equal payments of $ 11790.00 at the end of each of the next 6 years (ordinary annuity) into a new bank account earning interest at 8 %. What is the future value of the annuity stream? (use annual compounding) (Answer to the nearest cent. l.e. one thousand dollars would be entered 1000.00)

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