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.
$800 per year for 16 years at 10%.
$
$400 per year for 8 years at 5%.
$
$200 per year for 2 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 10%.
$
$400 per year for 8 years at 5%.
$
$200 per year for 2 years at 0%.
$