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Think about an annuity that consists of $176,000 annual cash flows in each of 12 years. What is the present value if the first cash
Think about an annuity that consists of $176,000 annual cash flows in each of 12 years. What is the present value if the first cash flow occurs 4 years from today and the discount rate is 7% ? Round your answer to the nearest penny. Suppose you deposit \$2,000 per year in each of the next 5 years. The depositoccurs one year from today, so your cash flowstream represents an ordinary annuity. If the account pays an interestrate of 10%, what is the future value of this annuity immediatelyfollowing the final deposit? Round your answer to the nearest penny
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