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. A. $500 per year for 12 years at 16%. $ ______ B. $250 per year for 6 years at 8%. $ ______ C. $800 per year for 10 years at 0%. $ _______ Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent. D. $500 per year for 12 years at 16%. $ ________ E. $250 per year for 6 years at 8%. $ _________ F. $800 per year for 10 years at 0%. $ _______

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. A. $500 per year for 12 years at 16%. $ __ B. $250 per year for 6 years at 8%. $ C. $800 per year for 10 years at 0%. $ _ Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent. D. $500 per year for 12 years at 16%. $ E. $250 per year for 6 years at 8%. $ _ F. $800 per year for 10 years at 0%. $ ___

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 7P: Value of an Annuity Using the appropriate tables, solve each of the following. Required: 1....

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