Question
A. Think of examples that demonstrate the following Present value (PV) of a lump sum, Future value (FV) of a lump sum, Present value (PV)
A. Think of examples that demonstrate the following Present value (PV) of a lump sum, Future value (FV) of a lump sum, Present value (PV) of an annuity, Future Value (FV) of an annuity. The demonstration must include numerical calculations that apply all the concepts in the prior sentence. Please use a formula and provide step-by-step calculations.
Note: I will not be using the same examples that you provide to obtain this calculations and answers I am only wanting to see the full step-by-step process of how to find PV of a lump sum, FV of a lump sum, PV of an annuity, and FV of an annuity. If you choose to sue discount rates in your examples please let me know and why you did, it is not necessary to include discount rates. I appreciate your help. Thanks in advance.
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