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Find thenbspfuture valuesnbspof thesenbspordinary annuities

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.

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

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Business Management: Find thenbspfuture valuesnbspof thesenbspordinary annuities

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