Question

# Compute the future values of the following annuities first assuming that payments are made on the...

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. (e.g., 32.16))

Payment Years Interest Rate(Annual)

173. 14. 11%

5,055. 9. 10%

74,984. 6. 12%

167,832. 10 3%

#### Homework Answers

Answer #1
 Payment year rate end of the period beg of the period 173 14 11% (68,545.38) (69,173.71) 5055 9 10% (879,841.52) (887,173.53) 74984 6 12% (7,851,569.48) (7,930,085.18) 167832 10 3% (23,453,081.81) (23,511,714.52)

Excel formula FV(rate, nper, pmt, pv, time) has been used.

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