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Calculate the present value of a 7-year annuity of $1,000 per year with payments made at the beginning of each year if the interest rate
Calculate the present value of a 7-year annuity of $1,000 per year with payments made at the beginning of each year if the interest rate is 13\%. (Enter your answer as a positive number rounded to 2 decimal places.) Thinking ahead to retirement, assume you will be able to earn a 10 percent return on your investments. If you have saved $360,000 and expect to live 18 more years when you retire, calculate the annual annuity you will be able to recelve for 18 years. (Enter your answer as a positive number rounded to 2 decimal places.)
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