Suppose you are going to receive $22,000 per year for 8 years The appropriate interest rate is 7 percent c Suppose you plan to invest the payments for 8 years What is the future value at the end of Year 8 if the payments are an ordinary annuity d Suppose you plan to invest the payments for 8 years What is the future value at the end of Year 8 if the payments are an annuity due

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Suppose you are going to receive $22,000 per year for 8 years. The appropriate interest rate is 7 percent. c. Suppose you plan to invest

Suppose you are going to receive $22,000 per year for 8 years. The appropriate interest rate is 7 percent.

c.	Suppose you plan to invest the payments for 8 years. What is the future value at the end of Year 8 if the payments are an ordinary annuity?

d.	Suppose you plan to invest the payments for 8 years. What is the future value at the end of Year 8 if the payments are an annuity due?

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