Question
What is the present value of the following annuity? $2,148 every year at the end of the year for the next 8 years, discounted back
What is the present value of the following annuity? $2,148 every year at the end of the year for the next 8 years, discounted back to the present at 16.35 percent per year, compounded annually?
Round the answer to two decimal places.
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You have been offered the opportunity to invest in a project that will pay $2,081 per year at the end of years one through three and $7,182 per year at the end of years four and five. These cash flows will be placed in a saving account that pays 17.20 percent per year. What is the future value of this cash flow pattern at the end of year five?
Round the answer to two decimal places.
USE EXCEL
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