Question
1- How much money would you have to deposit today in order to have $3,000 in five years if the discount rate is 9 percent
1- How much money would you have to deposit today in order to have $3,000 in five years if the discount rate is 9 percent per year? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))
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2- Calculate the future value of the following annuity streams: a. $6,000 received each year for 6 years on the last day of each year if your investments pay 6 percent compounded annually. b. $6,000 received each quarter for 6 years on the last day of each quarter if your investments pay 6 percent compounded quarterly. c. $6,000 received each year for 6 years on the first day of each year if your investments pay 6 percent compounded annually. d. $6,000 received each quarter for 6 years on the first day of each quarter if your investments pay 6 percent compounded quarterly. (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))
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