Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent.$700 per year for 16 years at 10%.$ $350 per year for 8 years at 5%.$ $600 per year for 8 years at 0%.$ Rework parts a, b, and c assuming they are annuities due.Future value of $700 per year for 16 years at 10%: $ Future value of $350 per year for 8 years at 5%: $ Future value of $600 per year for 8 years at 0%: $

The idea of the time value of money (TVM) holds that a quantity of currency is considerably more…

Answered: Find the future values of these…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....

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Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent.

$700 per year for 16 years at 10%.

$
$350 per year for 8 years at 5%.

$
$600 per year for 8 years at 0%.

$
Rework parts a, b, and c assuming they are annuities due.

Future value of $700 per year for 16 years at 10%: $

Future value of $350 per year for 8 years at 5%: $

Future value of $600 per year for 8 years at 0%: $

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