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Time Value of Money 8. What is the future value of an ordinary annuity of $2,000 for 4 years, if interest rates are 6 percent
Time Value of Money 8. What is the future value of an ordinary annuity of $2,000 for 4 years, if interest rates are 6 percent 2 9. What is the future value of the same annuity duc? 10. What is the present value of a $120,000 cash flow to be received at the beginning of each of the next 20 years from an account that carns an annual rate of 9%? 11. What is the present value of an annual payment of $9,500 discounted back 8 years at an annual rate of return of 3%? 1 12. What is the future value of a series of $4,500 annual payments received at the end of each of the next 6 years' worth if they are invested at an annual rate of return of 7%? 13. Repeat above question for annuity due
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