Find future values of these ordinary annuities

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Reference no: EM131865258

1. Find the future values of these ordinary annuities. Compounding occurs once a year.

a. $800 per year for 10 years at 10%. PV = I/Y = PMT = N = FV =

b. $400 per year for 5 years at 5%. PV = I/Y = PMT = N = FV =

c. $800 per year for 5 years at 0%. PV = I/Y = PMT = N = FV =

2. How long will it take $400 to double if it earns the following rates? Compounding occurs once a year.

a. 9% PV = I/Y = PMT = N = FV =

b. 15% PV = I/Y = PMT = N = FV =

c. 40% PV = I/Y = PMT = N = FV =

d. 100% PV = I/Y = PMT = N = FV =

Reference no: EM131865258

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