Future value of an ordinary annuity. Fill in the missing future values in the following table for an ordinary annuity: Number of Payments or Years 5 16 Annual Interest Rate Data table 8% 18% 5 16 25 340 Present Value Annual Interest Rate 0 0 8% 18% 4% 0.9% (Click on the following icon in order to copy its contents into a spreadsheet.) Number of Payments or Years oooo Present Value 0 0 Annuity 0 $282.81 $1,331.99 0 C... Annuity $282.81 $1,331.99 $726.91 $460.85 Future Value $1,659.13 (Round to the nearest cent.) $ (Round to the nearest cent.) Future Value ? ? ? ? X
Future value of an ordinary annuity. Fill in the missing future values in the following table for an ordinary annuity: Number of Payments or Years 5 16 Annual Interest Rate Data table 8% 18% 5 16 25 340 Present Value Annual Interest Rate 0 0 8% 18% 4% 0.9% (Click on the following icon in order to copy its contents into a spreadsheet.) Number of Payments or Years oooo Present Value 0 0 Annuity 0 $282.81 $1,331.99 0 C... Annuity $282.81 $1,331.99 $726.91 $460.85 Future Value $1,659.13 (Round to the nearest cent.) $ (Round to the nearest cent.) Future Value ? ? ? ? X
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Future value of an ordinary annuity. Fill in the missing future values in the following table for an ordinary annuity:
Number of
Payments or
Years
5
16
Annual
Interest Rate
8%
18%
Data table
5
16
25
340
Present Value
(Click on the following icon
Number of
Payments or
Years
Annual
Interest Rate
8%
18%
4%
0.9%
0
0
Annuity
$282.81
$1,331.99
in order to copy its contents into a spreadsheet.)
0
0
0
0
Present Value
Annuity
$282.81
$1,331.99
$726.91
$460.85
Future Value
$1,659.13 (Round to the nearest cent.)
(Round to the nearest cent.)
Future Value
?
?
?
?
X](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F73d6ea54-2a7b-469d-853c-914eda212d2f%2F856e36fb-7f7d-4533-8944-7d7df2b3f081%2F2xd12t9_processed.png&w=3840&q=75)
Transcribed Image Text:Future value of an ordinary annuity. Fill in the missing future values in the following table for an ordinary annuity:
Number of
Payments or
Years
5
16
Annual
Interest Rate
8%
18%
Data table
5
16
25
340
Present Value
(Click on the following icon
Number of
Payments or
Years
Annual
Interest Rate
8%
18%
4%
0.9%
0
0
Annuity
$282.81
$1,331.99
in order to copy its contents into a spreadsheet.)
0
0
0
0
Present Value
Annuity
$282.81
$1,331.99
$726.91
$460.85
Future Value
$1,659.13 (Round to the nearest cent.)
(Round to the nearest cent.)
Future Value
?
?
?
?
X
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