Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Please help answer number 4 only.
Find the future values of these ordinary
- $400 per year for 10 tears at 10%
- $200 per year for 5 years at 5%
- $400 per year for 5 years 0%
- Rework Parts a, b, and c assuming they are annuities due.
The formula to compute
1)
Hence, the future value of ordinary annuity is $6605.
2)
Hence, the future value of ordinary annuity is $1110.
3)
Hence, the future value of annuity is $3500.
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