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.
$500 per year for 10 years at 12%. $
$250 per year for 5 years at 6%. $
$1,000 per year for 10 years at 0%. $
Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent.
$500 per year for 10 years at 12%. $
$250 per year for 5 years at 6%. $
$1,000 per year for 10 years at 0%. $