Question

Calculate the future value and the present value of the following certain ordinary annuities. (a) $...

Calculate the future value and the present value of the following certain ordinary annuities.
(a) $ 2000 semi-annual for 8.5 years at 8% effective annual rate
(b) $ 4000 per year for 6 years at 7.3% per annum to be compounded annually
(c) $ 200 per month for 3 years 4 months, to 8% per annum to be compounded monthly

Thanks a lot!

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Answer #1
FV PV
a $47,395.02 $24,331.34
b $28,830.35 $18,890.85
c $9,133.51 $7,001.81

WORKINGS

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