# Question: Find the future value of the following ordinary annuities a

Find the future value of the following ordinary annuities:

a. $400 per year for 10 years at 10 percent

b. $200 per year for five years at 5 percent

a. $400 per year for 10 years at 10 percent

b. $200 per year for five years at 5 percent

**View Solution:**## Answer to relevant Questions

Find the future value of the following annuities due:a. $400 per year for 10 years at 10 percentb. $200 per year for five years at 5 percentJack just discovered that he holds the winning ticket for the $87 million mega lottery in Missouri. Now he needs to decide which alternative to choose: (1) a $44 million lump-sum payment today or (2) a payment of $2.9 ...What is the present value of a perpetuity of $100 per year if the appropriate discount rate is 7 percent? If interest rates in general were to double and the appropriate discount rate rose to 14 percent, what would happen to ...Consider the decision you might have to make if you won a state lottery worth $105 million. Which would you choose: a lump-sum payment of $54 million today or a payment of $3.5 million each year for the next 30 years? Which ...Assume that AT&T’s pension fund managers are considering two alternative securities as investments: (1) Security Z (for zero intermediate year cash flows), which costs $422.41 today, pays nothing during its 10-year life, ...Post your question