Find the future value of the following annuities. The first payment in these annuities is made at the end of year; that is, they are ordinary annuities.
a. $400 per year for 10 years at 10 percent.
b. $200 per year for 5 years at 5 percent.
c. $400 per year for 5 years at 0 percent.
d. Now rework parts a, b, and c, assuming that payments are made at the beginning of each year; that is, they are annuities due.© BrainMass Inc. brainmass.com March 4, 2021, 6:06 pm ad1c9bdddf
Using EXCEL, we compute by the "=FV()" ...
The solution shows the calculations and refers the reader to Excel with a formula presented.