Question: 13. How long will it take $800 to double if it earns the following rates? Compounding occurs once a year. Round your answers to two

13. How long will it take $800 to double if it earns the following rates? Compounding occurs once a year. Round your answers to two decimal places.

  1. 6%.

    year(s)

  2. 9%.

    year(s)

  3. 19%.

    year(s)

  4. 100%.

    year(s)

14. 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. $600 per year for 10 years at 14%.

    $

  2. $300 per year for 5 years at 7%.

    $

  3. $800 per year for 5 years at 0%.

    $

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

    Future value of $600 per year for 10 years at 14%: $

    Future value of $300 per year for 5 years at 7%: $

    Future value of $800 per year for 5 years at 0%: $

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