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. $300 per year for 8 years at 4%. $   $150 per year for 4 years at 2%. $   $200 per year for 12 years at 0%. $   Rework parts a, b, and c assuming they are annuities due. Future value of $300 per year for 8 years at 4%: $   Future value of $150 per year for 4 years at 2%: $   Future value of $200 per year for 12 years at 0%: $

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 3CE
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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.

  1. $300 per year for 8 years at 4%.

    $  

  2. $150 per year for 4 years at 2%.

    $  

  3. $200 per year for 12 years at 0%.

    $  

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

    Future value of $300 per year for 8 years at 4%: $  

    Future value of $150 per year for 4 years at 2%: $  

    Future value of $200 per year for 12 years at 0%: $

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