Find present values of these ordinary annuities

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Reference no: EM131850921

1. Find the amount to which $200 will grow under each of these conditions:

5% compounded annually for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $

5% compounded semiannually for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $

5% compounded quarterly for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $

5% compounded monthly for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $

5% compounded daily for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $

2. Find the present values of these ordinary annuities. Discounting occurs once a year. Round your answers to the nearest cent.

$800 per year for 16 years at 6%. $

$400 per year for 8 years at 3%. $

$400 per year for 16 years at 0%.$

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

$800 per year for 16 years at 6%. $

$400 per year for 8 years at 3%. $

$400 per year for 16 years at 0%. $

Reference no: EM131850921

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