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FINIANCIAL ACCOUNTING Question 1 What is the present value of $1,000 in 5 years with a 12% annual interest rate. Round your answer to the

FINIANCIAL ACCOUNTING

Question 1

What is the present value of $1,000 in 5 years with a 12% annual interest rate. Round your answer to the nearest dollar.

Question 2

What is the present value of $1,000 in 5 years with a 12% annual interest rate if interest is compounded monthly. Round your answer to the nearest dollar.

Present Value of 1 Present Value of an Annuity of 1 p=[1(1+i)n1]h Future Value of an Annuity of 1 f=[(1+in]1]/f Future Value of 1 f=(1+i)n

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