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2)What is the relationship between the present-value factor and the annuity present-value factor? 3)What will $5,000 invested for 10 years at 8 percent compounded annually
2)What is the relationship between the present-value factor and the annuity present-value factor?
3)What will $5,000 invested for 10 years at 8 percent compounded annually grow to? How many years will it take $400 to grow to $1,671 if it is invested at 10 percent compounded annually? At what rate would $1,000 have to be invested to grow to $4,046 in 10 years?
7)What is the future value of an ordinary annuity of $1,000 per year for 7 years compounded at 10%? What would be the future value if it were an annuity due?
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