What is the future value of the same annuity due

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1. Compute the future value in year 9 of a $4,800 deposit in year 1 and another $4,300 deposit at the end of year 5 using an 9 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

2. If the future value of an ordinary, 6-year annuity is $9,400 and interest rates are 9.5 percent, what’s the future value of the same annuity due? (Round your answer to 2 decimal places.)

3. If the present value of an ordinary, 6-year annuity is $8,100 and interest rates are 9.5 percent, what’s the present value of the same annuity due? (Round your answer to 2 decimal places.)

Reference no: EM131992985

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