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Question 1 a ) ( Chapter 1 ) Present value of annuity. What will be the present value of $ 1 5 0 0 in

Question 1a)(Chapter 1) Present value of annuity.
What will be the present value of $1500 in investment payouts (receipts) that are paid out, placed into savings each year for 30 years at 8 percent, compounded annually?
Instructions:
Please include a timeline with all the givens, the formula, and show all calculations (step by step) Thanks much!
Please show your formula: Present value of annuity: PVA=PMT**([1-1(1+r)n)]r
a) Present Value of Annuity =
On the financial calculator (guide): N=q,IY=q,%;PV=q,?; PMT=q,, FV = Null Question 1b)(Chapter 1)
Question 1b.(Please use show formulas and timelines-draw, write, etc, thank you. I grade on people showing all calculations, timelines, and steps/formulas.
Computing the Time Value of Money. Using a financial calculator or time value of money tables. in the Chapter Appendix, calculate the following.
a. The future value of $877 eight years from now at 7 percent, monthly frequency
b. The future value of $877 eight years from now at 7 percent, compounded quarterly.
c. The future value of $2500 saved each year for 20 years at 13 percent, compounded monthly.
d. The amount a person would have to deposit today (present value) at an 8 percent interest rate to have $10,000 USD, 20 years from now, please use monthly frequency of discounting.
e. The amount a person would have to deposit today to be able to take out $600 a year for 10 years from an account earning 8 percent, using monthly discounting.
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