FV and PV of ordinary annuity annually test with answers

Homework #2D (FV and PV of Ordinary Annuity Annually)
Question 1
FV of Ordinary Annuity (Even Payments)

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( 1+i )N −1
FV Ordinary Annuity = PMT ( i )
What is the accumulated sum of the following stream of payments?
$1,902 every year at the end of the year for 12 years at 8.39 percent, compounded annually.
Round the answer to two decimal places.

Answer:
36,940.16


Question 2
FV of Ordinary Annuity (Even Payments)

http://www.calculatorsoup.com/calculators/financial/future-value-cash-flows-calculator.php

( 1+i )N −1
FV Ordinary Annuity = PMT ( i )
For the next 4 years, you decide to place $1,152 in equal year-end deposits into a savings account
earning 8.84 percent per year. How much money will be in the account at the end of that time
period? Round the answer to two decimal places.

Answer:
5,255.83


Question 3
PV of Ordinary Annuity (Even Payments)

http://www.calculatorsoup.com/calculators/financial/present-value-cash-flows-calculator.php

1− (1+i )−N
PV Ordinary Annuity = PMT ( i )

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