Question

5.14

eBook Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent. $800 per year for 16 years at 10%. $   $400 per year for 8 years at 5%. $   $900 per year for 8 years at 0%. $   Rework parts a, b, and c assuming they are annuities due. Future value of $800 per year for 16 years at 10%: $   Future value of $400 per year for 8 years at 5%: $   Future value of $900 per year for 8 years at 0%: $

Answer 1

B C 1 a) Future value of ordinary annuity 2 b) Future value of ordinary annuity 3 c) Future value of ordinary annuity 4 d) Future value of annuity due $ 28,759.78 =FV(10%,16,-800,0,0) $ 3,819.64 =FV(5%,8,-400,0,0) S 200.00 =FV(0%,8,-900,0,0) $31,635.76 =FV(10%,16,-800,0,1) 10.63 =FV(5%,8,-400,0,1) $ 7,200.00 -FV(0%,8,-900,0,1) Future value of annuity due Future value of annuity due

*Please rate thumbs up