# 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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