Future value annuity vs annuity due

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Reference no: EM131844306

What's the future value of a 9%, 5-year ordinary annuity that pays $600 each year? Round your answer to the nearest cent.

I keep getting $9410.54, where am I going wrong? Please show work.

If this was an annuity due, what would its future value be? Round your answer to the nearest cent.

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.

$700 per year for 12 years at 14%. $

$350 per year for 6 years at 7%. $

$1,000 per year for 4 years at 0%. $

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

$700 per year for 12 years at 14%.$

$350 per year for 6 years at 7%. $

$1,000 per year for 4 years at 0%. $

Reference no: EM131844306

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