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Question 1 1 pts You manage an investment fund that sells annuities. You sell a 8-year ordinary level annuity that makes monthly payments of $2,052
Question 1 1 pts You manage an investment fund that sells annuities. You sell a 8-year ordinary level annuity that makes monthly payments of $2,052 per month, starting next month. If interest rates are 2.5% APR (compounded monthly) what is the current price of this annuity? Question 2 1 pts You plan to spend a semester abroad in France. You will live in France for 8 months starting 12 months from now. Each month in France will cost you $6,163 How much must you invest each month, for 5 months, starting next month to exactly pay for your trip if your investments earn 3.81% APR (compounded monthly)
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