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

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

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