Question

Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round...

Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent.

  1. $300 per year for 16 years at 6%.

    = $?

  2. $150 per year for 8 years at 3%.

    = $?

  3. $700 per year for 8 years at 0%.

    = $?

Homework Answers

Answer #1

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