Find the future value of the following annuities. The first payment in these ann

Question

Find the future value of the following annuities. The first payment in these annuities is made at the end of Year 1, so they are ordinary annuities. (Notes: See the Hint to Problem 4-9. Also, note that you can leave values in the TVM register, switch to Begin Mode, press FV, and find the FV of the annuity due.) a. $400 pet year for 10 years at 10% b. $200 per year for 5 years at 5% $400 per year for 5 years at 0% Now rework parts a, b, and c assuming that payments are made at the beginning each year; that is, they are annuities due.

Explanation / Answer

a. 400X15.937= $63,748

b. 200X5.526= $1,105.2

c. 400 only

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