Business Finance Homework Help
Business Finance Homework Help. Future value of an Annuity (4 -12)
Find the future value of the following annuities. The first payment in these annuities is made at the end of Year 1, so they are ordinary annuities.
a. $400 per year for 10 years at 10%.
b. $200 per year for 5 years at 5%.
c. $400 per year for 5 years at 0%.
d. Now rework parts a, b, and c assuming that payments are made at the beginning of each year; that is, they are annuities due.
Business Finance Homework Help
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