Question

Compute the future values of the following annuities first assuming that payments are made on the last day of the period and then assuming payments are made on the first day of the period: (Do not round intermediate calculations. Round your answers to 2 decimal places.

Payment	Years	Interest Rate (Annual)	Future Value (Payment made on last day of period)	Future Value (Payment made on first day of period)
$      203	14	10%	$	$
5,355	9	11
75,284	6	13
168,132	10	4

PLEASE SHOW THE WORK

Answer 1

Situation	Future Value (Payment made on last day of period)	Future Value (Payment made on first day of period)
1	FVA10%,14*Amount 27.97498*203 5678.92	FVAD10%,14* Amount 30.77248*203 6246.81
2	FVA11%,9*Amount 14.16397*5355 75848.06	FVAD11%,9* Amount 15.72201*5355 84191.36
3	FVA13%,6*Amount 8.32271*75284 626566.90	FVAD13%,6* Amount 9.40466*75284 708020.42
4	FVA4%,10*Amount 12.00611*168132 2018611.29	FVAD4%,10* Amount 12.48635*168132 2099355

**

Find future value annuity factor and Future value annuity due factor from there table respectively at i% for n periods