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v (a) Your answer is correct. What would be the future value of $8,321 invested annually for nine years beginning one year from now if
v (a) Your answer is correct. What would be the future value of $8,321 invested annually for nine years beginning one year from now if the annual interest rate is 20 percent? (Round answer to 2 decimal places, e.g., 1,220.25.) Future value 173067.66 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT Attempts: 1 of 2 used v (b) What would be the present value of a $9,586 annuity for which the first payment will be made beginning one year from now, payments will last for 27 years, and the annual interest rate is 9 percent? (Round answer to 2 decimal places, e.g., 1,220.25.) Present value Click if you would like to Show Work for this question: Open Show Work
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