1. Find the amount to which $200 will grow under each of these conditions:
5% compounded annually for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $
5% compounded semiannually for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $
5% compounded quarterly for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $
5% compounded monthly for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $
5% compounded daily for 8 years. Do not round intermediate calculations. Round your answer to the nearest cent. $
2. Find the present values of these ordinary annuities. Discounting occurs once a year. Round your answers to the nearest cent.
$800 per year for 16 years at 6%. $
$400 per year for 8 years at 3%. $
$400 per year for 16 years at 0%.$
Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent.
$800 per year for 16 years at 6%. $
$400 per year for 8 years at 3%. $
$400 per year for 16 years at 0%. $