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g. What is the future value of an ordinary annuity of $1,300 per year for 11 years compounded at 11 percent? What would be the
g. What is the future value of an ordinary annuity of $1,300 per year for 11 years compounded at 11 percent? What would be the future value if it were an annuity due?
h. You have just borrowed $130,000, and you agree to pay it back over the next 30 years in 30 equal end-of-year payments plus 12 percent compound interest on the unpaid balance. What will be the size of these payments?
i. What is the present value of a perpetuity of $1,900 per year discounted back to the present at 12 percent?
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