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Future values of ordinary annuities

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Future value of an annuity

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

  1. $700 per year for 4 years at 12%.
  2. $350 per year for 2 years at 6%. 
  3. $300 per year for 2 years at 0%.
  4. b. Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent.
  5. $700 per year for 4 years at 12%.
  6. $350 per year for 2 years at 6%.
  7. $300 per year for 2 years at 0%.

Reference no: EM131089946

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