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ind the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Round your answers to the earest cent. a. $1,000 per year for 8 years at 6%. b. $500 per year for 4 years at 3%. $ c. $600 per year for 4 years at 0%. $ d. Rework parts a, b, and c assuming they are annuities due.

ind the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Round your answers to the earest cent. a. $1,000 per year for 8 years at 6%. b. $500 per year for 4 years at 3%. $ c. $600 per year for 4 years at 0%. $ d. Rework parts a, b, and c assuming they are annuities due.

Essentials Of Investments
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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еВook 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. $1,000 per year for 8 years at 6%. $ b. $500 per year for 4 years at 3%. c. $600 per year for 4 years at 0%. 2$ d. Rework parts a, b, and c assuming they are annuities due. Future value of $1,000 per year for 8 years at 6%: $ Future value of $500 per year for 4 years at 3%: $ Future value of $600 per year for 4 years at 0%: $
Transcribed Image Text:еВook 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. $1,000 per year for 8 years at 6%. $ b. $500 per year for 4 years at 3%. c. $600 per year for 4 years at 0%. 2$ d. Rework parts a, b, and c assuming they are annuities due. Future value of $1,000 per year for 8 years at 6%: $ Future value of $500 per year for 4 years at 3%: $ Future value of $600 per year for 4 years at 0%: $
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