ind the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Round your answers to the earest cent. a. $1,000 per year for 8 years at 6%. b. $500 per year for 4 years at 3%. $ c. $600 per year for 4 years at 0%. $ d. Rework parts a, b, and c assuming they are annuities due.
ind the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Round your answers to the earest cent. a. $1,000 per year for 8 years at 6%. b. $500 per year for 4 years at 3%. $ c. $600 per year for 4 years at 0%. $ d. Rework parts a, b, and c assuming they are annuities due.
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 8CE
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