Find the future values of these ordinary annuities

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Reference no: EM131566779

1. Future value of an annuity

Find the future values of these ordinary annuities. Compounding occurs once a year. Round your answers to the nearest cent.

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

$400 per year for 6 years at 4%.

answer: $

$200 per year for 3 years at 2%.

answer: $

$900 per year for 2 years at 0%.

answer: $

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

$400 per year for 6 years at 4%.

answer: $

$200 per year for 3 years at 2%.

answer: $

$900 per year for 2 years at 0%.

answer: $

2. Present value of an annuity

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

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

$900 per year for 16 years at 6%.

answer: $

$450 per year for 8 years at 3%.

answer: $

$700 per year for 8 years at 0%.

answer: $

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

$900 per year for 16 years at 6%.

answer: $

$450 per year for 8 years at 3%.

answer: $

$700 per year for 8 years at 0%.

answer: $

Reference no: EM131566779

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