Question: Problem 5-14 Future value of an annuity Find the future values of these ordinary annuities. Compounding occurs once a year. Round your answers to the

Problem 5-14 Future value of an annuity

Find the future values of these ordinary annuities. Compounding occurs once a year. Round your answers to the nearest cent.

  1. $600 per year for 2 years at 16%.$
  2. $300 per year for 1 year at 8%. $
  3. $700 per year for 14 years at 0%.$

Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent.

$600 per year for 2 years at 16%.$ $300 per year for 1 year at 8%. $ $700 per year for 14 years at 0%.$

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