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a) Calculate the future value of a $1000 ordinary annuity for 10 years, assuming an earnings rate of 10% annually? b) Calculate the present value
a) Calculate the future value of a $1000 ordinary annuity for 10 years, assuming an earnings rate of 10% annually?
b) Calculate the present value of a $1000 annuity due for 10 years, assuming an earnings rate of 10% annually?
c) Calculate the future value of an immediate annuity of $10,000 to be received for 7 years. Assume an earnings rate of 6.85% with daily compounding.
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