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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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    Solution Preview

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

    Solution Summary

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

    $2.19

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