# Find the future value of the following ordinary annuities, and then as annuites due.

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.

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Using EXCEL, we compute by the "=FV()" ...

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The solution shows the calculations and refers the reader to Excel with a formula presented.

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