$ 2,800 d. Rework parts a, b, and c assuming they are annuities due. Future value of $900 per year for 14 years at 8%: $ Future value of $450 per year for 7 years at 4%: $ Future value of $400 per year for 7 years at 0%: $

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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6. Problem 5.14 (Future Value of an Annuity)
eBook
Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent.
a. $900 per year for 14 years at 8%.
21.793.43
b. $450 per year for 7 years at 4%.
3,554.23
c. $400 per year for 7 years at 0%.
$
$
2,800
d. Rework parts a, b, and c assuming they are annuities due.
Future value of $900 per year for 14 years at 8%: $
Future value of $450 per year for 7 years at 4%: $
Future value of $400 per year for 7 years at 0%: $
Transcribed Image Text:6. Problem 5.14 (Future Value of an Annuity) eBook Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent. a. $900 per year for 14 years at 8%. 21.793.43 b. $450 per year for 7 years at 4%. 3,554.23 c. $400 per year for 7 years at 0%. $ $ 2,800 d. Rework parts a, b, and c assuming they are annuities due. Future value of $900 per year for 14 years at 8%: $ Future value of $450 per year for 7 years at 4%: $ Future value of $400 per year for 7 years at 0%: $
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