Question
ook int Int ences Suppose you are going to receive $13,500 per year for five years. The appropriate interest rate is 6.8%. 0-1 What is
ook int Int ences Suppose you are going to receive $13,500 per year for five years. The appropriate interest rate is 6.8%. 0-1 What is the present value of the payments if they are in the form of an ordinary annuity? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Present value Present value $ a-2 What is the present value if the payments are an annuity due? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Future value 55,650.35 $ 59,434.57 b-1 Suppose you plan to invest the payments for five years. What is the future value if the payments are an ordinary annuity? (Do n round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) b-2suppose you plan to invest the payments for five years. what is the future value if the payments are an annuity due?
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