Question

Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent.

1. $300 per year for 16 years at 6%.

   $  

2. $150 per year for 8 years at 3%.

   $  

3. $700 per year for 8 years at 0%.

   $  

4. Rework parts a, b, and c assuming they are annuities due.

   Future value of $300 per year for 16 years at 6%: $  

   Future value of $150 per year for 8 years at 3%: $  

   Future value of $700 per year for 8 years at 0%: $

Answer 1