Future value of an annuity for various compounding periods, Financial Management

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Future value of an annuity for various compounding periods

Future Value of an Annuity for Various Compounding Periods Find the future values of the following ordinary annuities:

Part 1:

FV of $800 paid each 6 months for 6 years at a nominal rate of 12%, compounded semiannually. Round your answer to the nearest cent.

$______

Part 2:

FV of $400 paid each 3 months for 6 years at a nominal rate of 12%, compounded quarterly. Round your answer to the nearest cent.

$_______

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Financial Management: Future value of an annuity for various compounding periods

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Financial Management: Future value of an annuity for various compounding periods

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