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5. What is the present value of an annuity due with 5 annual payments of $100, evaluated at a 15 percent interest rate? 6. What
5. What is the present value of an annuity due with 5 annual payments of $100, evaluated at a 15 percent interest rate? 6. What is the future value at the end of the 5th year of an annuity due with 5 annual payments of $300, evaluated at a 10 percent interest rate 7. You plan to save $10,000 at the end of every year for 30 years and then retire. Given a 10% rate of interest, what will be the FV of your retirement account? 8. You plan to save $200 every month until you retire in 35 years, starting at the end of this month. Given an 10% rate of interest, what will be the value of your retirement account on the day you retire
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