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Show work on paper please Using an annual discount rate of 5.6%, find the future value 32 years from today , of the following payments:
Show work on paper please
Using an annual discount rate of 5.6%, find the future value 32 years from today, of the following payments:
- $267 paid to you 5.6 years from today.
- An annuity stream with annual payments in which the first cash flow of $59 is paid to you in 16 years, and the last payment is paid to you in 23 years. The cash flows in the annuity stream are expected to grow at an annual rate of 2.4% per year.
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