solve

 

9.4 Find the following values assuming a regular, or ordinary, annuity:

a The present value of $400 per year for ten years at 10 percent

                                                = $400 x 6.145

                                                = $2,458.00

b The future value of $400 per year for ten years at 10 percent

                                                = $400 x 15.937

                                                = $6,374.80

c The present value of $200 per year for five years at 5 percent

                                                = $200 x 4.329

                                                = $865.80

d The future value of $200 per year for five years at 5

                                                = $200 x 5.526

                                                = $1,105.20