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.
$200 per year for 4 years at 6%.
$
$100 per year for 2 years at 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.
$200 per year for 4 years at 6%.
$
$100 per year for 2 years at 3%.
$
$1,000 per year for 16 years at 0%.
$
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5-7: Future Value of an Ordinary Annuity 5-8: Future Value of an Annuity Due
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