Question: Compute the amount (future value) of an ordinary annuity an annuity in arrears) of the following: a. 13 rental payments of $100 at 1% per

Compute the amount (future value) of an ordinary annuity an annuity in arrears) of the following:
a. 13 rental payments of $100 at 1% per period
b. 8 rental payments of $850 at 6% per period
c. 28 rental payments of $4000 at 4% per period
Required:
Calculations of present and future value (or single payments and for annuities, to make the exercises more realistic, we do not give specific guidance with each individual exercise.

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