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The future value of a $1,000 investment today at 8% annual interest compounded semiannually for 5 years is? Babe Ruth Jr. has agreed to play

The future value of a $1,000 investment today at 8% annual interest compounded semiannually for 5 years is?

Babe Ruth Jr. has agreed to play for the Toronto Blue Jays for $9 million per year for the next 10 years. What table would you use to calculate the value of this contract in today's dollars?

a. present value of an annuity

b. present value of a single amount

c. future value of an annuity

d. none of the other answers are correct

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