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Future Value of an Annuity for Various Compounding Periods Find the future values of the...

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Accounting

Future Value of an Annuity for Various Compounding Periods

Find the future values of the following ordinary annuities.

  1. FV of $600 each 6 months for 8 years at a nominal rate of 12%, compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent.

    $

  2. FV of $300 each 3 months for 8 years at a nominal rate of 12%, compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent.

    $

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