Question

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%.

   $  

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

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

   $  

5. $100 per year for 2 years at 3%.

   $  

6. $1,000 per year for 16 years at 0%.

   $