If interest rates are 8 percent, what is the future value of a
$400 annuity payment over six years? Unless otherwise directed, assume
annual compounding periods.
Recalculate the future value at 6 percent interest and 9 percent interest.
If interest rates are 5 percent, what is the present value of a
$900 annuity payment over three years? Unless otherwise directed, assume
annual compounding periods.
Recalculate the present value at 10 percent interest and 13 percent interest.
What is the present value of a series of $1150 payments made every year for 14 years when the discount rate is 9 percent?
Recalculate the present value using discount rate of 11 percent and 12 percent.
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