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: $