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1. What is the Future Value (FV) of $30,000 invested for 5 years with an interest rate of 8% compounded quarterly? What is the Present
1. What is the Future Value (FV) of $30,000 invested for 5 years with an interest rate of 8% compounded quarterly? What is the Present Value (PV) of an annuity of $5,000 received every three months for 10 years, discounted at 7% compounded quarterly? 2. 3. Owen won the lottery and will receive $2,000,000 at the end of each year for the next 20 years. Assuming a discount rate of 6%, what lump sum could he receive today instead? What is the income that can be received quarterly over 10 years from $250,000 earning 12% compounded quarterly? 4
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