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5-7: Future Value of an Ordinary Annuity 5-8: Future Value of an Annuity Due

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.

  1. $200 per year for 4 years at 6%.

    $  

  2. $100 per year for 2 years at 3%.

    $  

  3. $1,000 per year for 16 years at 0%.

    $  

  4. Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent.

  5. $200 per year for 4 years at 6%.

    $  

  6. $100 per year for 2 years at 3%.

    $  

  7. $1,000 per year for 16 years at 0%.

    $  


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