Time Value of Money

1. What is a single payment of $10,000 worth ten and 20 years from today if the nominal interest rate is 5% and 10%?

5%/10 years _______ 5%/20 years _______

10%/10 years _______ 10%/20 years _______

2. What is a series of annual payments of $10,000 worth ten years from today if the nominal interest rate is 5% and 10% assuming payments are received on January 1 of each year (an annuity due)?

5% _______

10% _______