1. What is the present value of an ordinary annuity that pays $47,000 at the end of each of the next 15 years if the discount rate is 10%?

Enter your answer as a number rounded to 2 decimal places. An answer of 23.456 would be entered as 23.46.

2. An ordinary annuity has a present value of $15,000 when discounted at a rate of 10.2%. What would be the difference in value if this were an annuity due?

Enter your answer as a number rounded to 2 decimal places. An answer of 23.456 would be entered as 23.46.

3. If the cost of capital is 10%, what is the present value of $33,000 paid one year from today, $58,000 paid two years from today, and $69,000 paid three years from today?

Enter your answer as a number rounded to 2 decimal places. An answer of 23.456 would be entered as 23.46.

4. A bank account has a balance today is $38,000. How much must be deposited at the end of each year to have a balance of $2,000,000 in 26 years if the interest rate is 9%?

Enter your answer as a number rounded to 2 decimal places. An answer of 23.456 would be entered as 23.46.