An investment will pay $100 at the end of each of the next 3 years, $200 at the end of Year 4, $300 at the end of Year 5, and $400 at the end of Year 6. If other inver equal risk earn 10% annually, what is this investment's present value? Its future value? Do not round intermediate calculations. Round your answers to the nearest ce Present value: $ Future value: S 9 Use both the TVM equations and a financial calculator to find the following values. Do not round intermediate calculations. Round your answers to the nearest cent. (Hint: Using & financial calculator, you can enter the known values and then press the appropriate key to find the unknown variable. Then, without clearing the TVM register, you can "override" the variable that changes by simply entering a new value for it and then pressing the key for the unknown variable to obtain the second answer. This procedure can be used in parts b and d, and in many other situations, to see how changes in input variables affect the output variable.) a. An initial $600 compounded for 10 years at 6.5%. b. An initial $600 compounded for 10 years at 13%. $ c. The present value of $600 due in 10 years at a 6.5% discount rate. O $ d. The present value of $600 due in 10 years at a 13% discount rate. C Find the present value of the following ordinary annuities. Do not round intermediate calculations. Round your answers to the nearest cent. (Notes: If you are using a financial calculator, you can enter the known values and then press the appropriate key to find the unknown variable. Then, without clearing the TVM register, you can "override" the variable that changes by simply entering a new value for it and then pressing the key for the unknown variable to obtain the second answer. This procedure can be used in many situations, to see how changes in input variables affect the output variable. Also, note that you can leave values in the TVM register, switch to Begin Mode, press FV, and find the FV of the annuity due.) a. $200 per year for 10 years at 10%. $ b. $100 per year for 5 years at 5%. $ c. $200 per year for 5 years at 0%. $ d. Now rework parts a, b, and c assuming that payments are made at the beginning of each year, that is, they are annuities due Present value of $200 per year for 10 years at 10%: 5 Present value of $100 per year for 5 years at 5%: $ Present value of $200 per year for 5 years at 0%: $ Find the present value of $725 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent. a. 10% nominal rate, semiannual compounding, discounted back 5 years $ b. 10% nominal rate, quarterly compounding, discounted back 5 years c. 10% nominal rate, monthly compounding, discounted back 1 year $
