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Suppose you are going to receive $ 1 4 , 5 0 0 per year for five years. The appropriate discount rate is 7 .
Suppose you are going to receive $ per year for five years. The appropriate discount rate is percent.
a What is the present value of the payments if they are in the form of an ordinary annuity?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
b What is the present value of the payments if the payments are an annuity due?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
c Suppose you plan to invest the payments for five years. What is the future value if the payments are an ordinary annuity?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
d What is the future value if the payments are an annuity due?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
tablea Present value,$
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