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Question 10 1 pts Given that the interest rate is 7% per annum, what is the present value of an investment that has 9 equal
Question 10 1 pts Given that the interest rate is 7% per annum, what is the present value of an investment that has 9 equal payments of $31,296 each year for 9 years, starting today? Round your answer to the nearest dollar($). Do not enter the $ sign - just numbers in the box below. Question 11 1p X Question 11 1 pts Jackie & her husband started a savings account for their twin daughters when they were 2 years old. They have been saving $7,855 a year at an interest rate of 3%, and intend on keeping up with their annual contribution to the fund until the girls are 21. What is the future value of their investment? Round your answer to the nearest dollar ($). Do not enter the $ sign - just numbers in the box below. 1 pts Question 12
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