Calculate the future value of the following annuity
streams:
a. $4,000 received each year for 6 years on the
last day of each year if your investments pay 5 percent compounded
annually.
b. $4,000 received each quarter for 6 years on the
last day of each quarter if your investments pay 5 percent
compounded quarterly.
c. $4,000 received each year for 6 years on the
first day of each year if your investments pay 5 percent compounded
annually.
d. $4,000 received each quarter for 6 years on the
first day of each quarter if your investments pay 5 percent
compounded quarterly.
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