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. $300 per year for 16 years at 16%. $ b. $150 per year for 8 years at 8%. $ c. $900 per year for 8 years at 0%. $ d. Rework parts a, b, and c assuming they are annuities due. Future value of $300 per year for 16 years at 16%: $ Future value of $150 per year for 8 years at 8%: $ Future value of $900 per year for 8 years at 0%: $
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. $300 per year for 16 years at 16%. $ b. $150 per year for 8 years at 8%. $ c. $900 per year for 8 years at 0%. $ d. Rework parts a, b, and c assuming they are annuities due. Future value of $300 per year for 16 years at 16%: $ Future value of $150 per year for 8 years at 8%: $ Future value of $900 per year for 8 years at 0%: $
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Find the future values of these ordinary
a. $300 per year for 16 years at 16%.
$
b. $150 per year for 8 years at 8%.
$
c. $900 per year for 8 years at 0%.
$
d. Rework parts a, b, and c assuming they are annuities due.
Future value of $150 per year for 8 years at 8%: $
Future value of $900 per year for 8 years at 0%: $
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