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9- At what quoted annual interest rate must $134,000 be invested so that it will grow to be $459,000 in 15 years if interest is
9- At what quoted annual interest rate must $134,000 be invested so that it will grow to be $459,000 in 15 years if interest is compounded weekly? (1 marks)
10- You are offered an annuity that will pay $24,000 per year for 11 years (the first payment will occur one year from today). If you feel that the appropriate discount rate is 13%, what is the annuity worth to you today? (1 marks)
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