payment of 8000

Assignment: Chapter 04 Time Value of Money c Attempts Average / 3 B. Futurevalue of annuities When payments are made at the beginning of each period, you can treat them as You are planning to put $8,000 in the bank at the end of each year for the next nine years in hopes that you will have enough money for a ne annual interest rate of 8%, how much money will you have at the end of nine years-rounded to the nearest whole dollar? $79.920 Assignment: Chapter 04 Time Value of Money ou've decided to deposit your money in the bank at the beginning of the year instead of the end of the year, but now you are making payments of ate of 8%. How much money will you have available at the end of nine years-rounded to the nearest whole dollar? $99,900 $107,892 $ 151,049 7. IuIuivului urmTUTUCU I There are three categories of cash flows: single cash flows, also referred to as "lump sums," a stream of unequal cash flows, and annuities. Based on your understanding of annuities, answer the following questions. Which of the following statements about annuities are true? Check all that apply. A perpetuity is a constant, infinite stream of equal cash flows that can be thought of as an infinite annuity. Assignment: Chapter 04 Time Value of Money Which of the following statements about annuities are true? Check all that apply. A perpetuity is a constant, infinite stream of equal cash flows that can be thought of as an infinite annuity. An annuity due is an annuity that makes a payment at the end of each period for a certain time period. An annuity due earns more interest than an ordinary annuity of equal time. Ordinary annuities make fixed payments at the end of each period for a certain time period