1 .		What is the future value of an annual ordinary annuity of $1,000 for two years at 8% annual interest? Use the simple interest formula. Use table 11-1 in your text.    $1,080.00   $2,246.40   $2,080.00   $3,246.40
2 .		Use the annuity Table 11-1 in your text to find the future value of a semiannual ordinary annuity of $4,000 for 4 years at 6% annual interest compounded semiannually.    $45,964   $17,500   $16,736   $35,568
3 .		What is the future value of an annuity due of $100 for 6 months at 6% annual interest compounded quarterly?    $136.00   $204.52   $106.00   $304.52
4 .		In question 3, what is the total interest earned?    $36.00   $100.452   $4.52   $6.00
5 .		For question 3, how much interest would have been earned in one year?    $22.96   $9.09   $415.23   $15.23