Find the future value of the following ordinary annuities, and then as annuites due.
Not what you're looking for?
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.
Purchase this Solution
Solution Summary
The solution shows the calculations and refers the reader to Excel with a formula presented.
Solution Preview
Using EXCEL, we compute by the "=FV()" ...
Purchase this Solution
Free BrainMass Quizzes
Introduction to Finance
This quiz test introductory finance topics.
Business Processes
This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.