Problem 5.14 (Future Value of an Annuity)

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.

$500 per year for 6 years at 12%.

$250 per year for 3 years at 6%.

$200 per year for 2 years at 0%.

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

Future value of $500 per year for 6 years at 12%: $

Future value of $250 per year for 3 years at 6%: $

Future value of $200 per year for 2 years at 0%: $