Question

Find the future values of these ordinary annuities. Compounding occurs once a year. Round your answers to the nearest cent.

$600 per year for 8 years at 16%.

$

$300 per year for 4 years at 8%.

$

$500 per year for 8 years at 0%.

$

Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent.

$600 per year for 8 years at 16%.

$

$300 per year for 4 years at 8%.

$

$500 per year for 8 years at 0%.

$

Answer 1