Future Value of an AnnuityFind the future value of the following annuities. The first payment in these annuities is made at the end of Year 1, so they are ordinary annuities. Round your answers to the nearest cent. $800 per year for 10 years at 8%.$400 per year for 5 years at 4%. $800 per year for 5 years at 0%.Now rework parts a, b, and c assuming that payments are made at the beginning of each year; that is, they are annuities due.$800 per year for 10 years at 8%.$400 per year for 5 years at 4%. $800 per year for 5 years at 0%.

Computation of Future Value in case of ordinary annuities method:

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Future Value of an Annuity

Find the future value of the following annuities. The first payment in these annuities is made at the end of Year 1, so they are ordinary annuities. Round your answers to the nearest cent.

$800 per year for 10 years at 8%.
$400 per year for 5 years at 4%.
$800 per year for 5 years at 0%.

Now rework parts a, b, and c assuming that payments are made at the beginning of each year; that is, they are annuities due.

$800 per year for 10 years at 8%.
$400 per year for 5 years at 4%.
$800 per year for 5 years at 0%.

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