HW
1.
When you are finished, check the solutions with your teacher.
Use the table Future Value of an Ordinary Annuity for $1.00 per Period on p. 37 to complete the table
below.
2. Regina Aguirre deposits $2,000 into an ordinary annuity after each 6-month period for 4 years. The account
pays 6% interest compounded semiannually. Find the a) future value, and b) total interest earned.
