If the future value of an ordinary 8-year annuity is 7300, Financial Management

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If the future value of an ordinary 8-year annuity is 7300

1) If the future value of an ordinary, 8-year annuity is $7,300 and interest rates are 8.0 percent, what is the future value of the same annuity due? (Round your answer to 2 decimal places.)

Future Value? $______

2) What is the future value of a $860 annuity payment over six years if interest rates are 10 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Future value $

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Financial Management: If the future value of an ordinary 8-year annuity is 7300

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