Future value of annuity=Annuity[(1+rate)^time period-1]/rate
1.Future value =$700[(1.16)^4-1]/0.16
=$700*5.066496
=$3546.55(Approx).
2.Future value=$350[(1.08)^2-1]/0.08
=$350*2.08
=$728
3.Future value=$300*4
=$1200
Future value of annuity due=Future value of annuity*(1+rate)
4.Future value =$3546.55*1.16
=$4113.99(Approx).
5.Future value=728*1.08
=$786.24
6.Future value=$300*4
=$1200
Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round...
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