Future value of an ordinary annuity. Fill in the missing future values in the following table for an ordinary annuity.   Number of Payments or Years Annual Interest Rate Present Value Annuity Future Value   10   9​%   0     ​$286.87   ​? 18   16​%   0   ​$1,397.76   ​? 30   2.5​%       0   ​$721.92   ​? 280   1​%   0   ​$553.71   ​? Number of Payments or Years Annual Interest Rate Present Value Annuity Future Value 10   9​%   0     ​$286.87   ​$nothing ​(Round to the nearest​ cent.) 18   16​%   0   ​$1,397.76   ​$nothing ​(Round to the nearest​ cent.) 30   2.5​%       0   ​$721.92   ​$nothing ​(Round to the nearest​ cent.) 280   1​%   0   ​$553.71   ​$nothing ​(Round to the nearest​ cent.)

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
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Future value of an ordinary annuity. Fill in the missing future values in the following table for an ordinary annuity.
 
Number of
Payments or
Years
Annual
Interest Rate
Present Value
Annuity
Future Value
 
10
 
9​%
 
0
   
​$286.87
 
​?
18
 
16​%
 
0
 
​$1,397.76
 
​?
30
 
2.5​%
 
    0
 
​$721.92
 
​?
280
 
1​%
 
0
 
​$553.71
 
​?
Number of
Payments or
Years
Annual
Interest Rate
Present Value
Annuity
Future Value
10
 
9​%
 
0
   
​$286.87
 
​$nothing
​(Round to the nearest​ cent.)
18
 
16​%
 
0
 
​$1,397.76
 
​$nothing
​(Round to the nearest​ cent.)
30
 
2.5​%
 
    0
 
​$721.92
 
​$nothing
​(Round to the nearest​ cent.)
280
 
1​%
 
0
 
​$553.71
 
​$nothing
​(Round to the nearest​ cent.)
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