5 7 Find the following values for a lump sum assuming annual compounding: a. The future value of $8000 invested at 7 percent for fifteen years Nper PV Rate 3 b. The present value of $8000 to be received in fifteen years when the opportunity cost rate is 7 percent 3 Nper FV _0 11 Rate 22072.25 Nper Pmt Rate 12 13 14 Find the following values for both a regular, or ordinary, annuity and an annuity due: 15 c. The present value of $1,500 per year for nine years at 8 percent 16 2808.06 Nper Pmt Rate 17 18 19 20 d. The future value of $1,500 per year for nine years at 8 percent 21 22 23 24 Ordinary annuity Annuity Due Ordinary annuity Annuity Due

Find the following values for a lump sum assuming annual compounding: a. The future value of $8000 invested at 7 percent for fifteen years \begin{tabular}{|l|l|l|} \hline Nper & 22072.25 \\ \hline PV & \\ \hline Rate & \end{tabular} b. The present value of $8000 to be received in fifteen years when the opportunity cost rate is 7 percent \begin{tabular}{|l|l|} \hline Nper \\ FV \\ Rate \end{tabular} Find the following values for both a regular, or ordinary, annuity and an annuity due: c. The present value of $1,500 per year for nine years at 8 percent \begin{tabular}{|l|l|l|} \hline 16 & Nper & \\ \hline 17 & Pmt & Ordinary annuity \\ 18 & Annuity Due \\ \hline 19 & & \\ \hline 20 & d. The future value of $1,500 per year for nine years at 8 percent & \\ \hline 21 & - Nper & \\ \hline 22 & Pmt & Ordinary annuity \\ \hline 23 & Rate & Annuity Due \\ \hline \end{tabular}