1.What is the future value of the following annuity?# of periods = 10

Interest rate = 5.25% Compounding times per period = 12

Cash flow (PMT) = 1000 Growth Rate = 3%

# of payments per period = 12

This is an annuity due:

2.What is the PV of a future sum if:

FV = 15000

# of periods = 12

Interest rate = 5%

Compounding times per period = 12

3.

What is the PV of a future sum if:

FV = 25000

# of periods = 15

Interest rate = 8%

Compounding times per period = 12