Question

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

   $  

2. $200 per year for 7 years at 3%.

   $  

3. $600 per year for 7 years at 0%.

   $  

4. Rework parts a, b, and c assuming they are annuities due.

   Future value of $400 per year for 14 years at 6%: $  

   Future value of $200 per year for 7 years at 3%: $  

   Future value of $600 per year for 7 years at 0%: $  

Answer 1