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.
(a) $1,000 per year for 16 years at 14%
(b) $500 per year for 8 years at 7%.
(c) $600 per year for 4 years at 0%.
(d) $1,000 per year for 16 years at 14%
(e) $500 per year for 8 years at 7%
(f) $600 per year for 4 years at 0%.
Answers: 3
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