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5-7: Future Value of an Ordinary Annuity 5-8: Future Value of an Annuity Due Future...

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5-7: Future Value of an Ordinary Annuity 5-8: Future Value of an Annuity Due 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. a. $900 per year for 16 years at 6%. b. $450 per year for 8 years at 3%. $ c. $1,000 per year for 12 years at 0%. $ Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent. d. $900 per year for 16 years at 6%. $ e. $450 per year for 8 years at 3%. 5 f. $1,000 per year for 12 years at 0%. 5

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