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Suppose you just bought an annuity with 9 annual payments of $ 1 5 , 3 0 0 at the current interest rate of 1
Suppose you just bought an annuity with annual payments of $ at the current interest rate of percent per year.
What is the value of the investment at the current interest rate of percent? Do not round intermediate calculations and round
your answer to decimal places, eg
Value of investment
$
What happens to the value of your investment if interest rates suddenly drop to percent? Do not round intermediate
calculations and round your answer to decimal places, eg
Value of investment
$
What happens to the value of your investment if interest rates suddenly rise to percent? Do not round intermediate
calculations and round your answer to decimal places, eg
Value of investment
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