Question
1. What is the future value on December 31, 2022, of 6 annual cash flows of $50,000 with the first cash flow being made on
1. What is the future value on December 31, 2022, of 6 annual cash flows of $50,000 with the first cash flow being made on December 31, 2016, and interest at 9% compounded annually? Round your answer to two decimal places.
2.What will be the future value on December 31, 2020, of 5 annual $60,000 deposits starting on December 31, 2016, if the amounts earn 8% compounded annually? Round your answer to two decimal places.
3.What is the present value on January 1, 2016, of 7 equal future annual receipts of $30,000 if the first receipt is received on January 1, 2017, and the interest rate is 10% compounded annually? Round your answer to two decimal places.
4.What is the future value on December 31, 2021, of 6 annual cash flows of $50,000 with the first cash flow being made on December 31, 2016, and interest at 9% compounded annually? Round your answer to two decimal places.
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