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Suppose you are going to receive $ 1 3 , 8 0 0 per year for six years. The appropriate interest rate is 8 .

Suppose you are going to receive $13,800 per year for six years. The appropriate
interest rate is 8.7 percent.
0-1. What is the present value of the payments if they are in the form of an ordinary
annuity? (Do not round Intermedlate calculatlons and round your onswer to 2
declmal pleces, e.g.,32.16.)
0-2. What is the present value if the payments are an annuity due? (Do not round
Intermedlate calculetlons and round your answer to 2 declmal ploces, e.g.,32.16.)
b-1. Suppose you plan to invest the payments for six years. What is the future value if the
payments are an ordinary annuity? (Do not round Intermedlate calculations and
round your answer to 2 decimal places, e.g.,32.16.)
b-2.Suppose you plan to invest the payments for six years. What is the future value if the
payments are an annuity due? (Do not round Intermedlete calculations ond round
your answer to 2 declmal ploces, e.g.,32.16.)
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