Using the appropriate interest table, answer the following questions (Each case is independent of the others) (a) What is the future value of 20 periodic payments of $12,000 each made at the beginning of each period and compounded at 6 (b) What is the present value of $7,500 to be received at the b...

a Future value of an ordinary annuity of 12000 a period for 20 periods at 6 44 ...

Using the appropriate interest table, answer the following questions. (Each case is independent of the others). (a)

Question:

Using the appropriate interest table, answer the following questions. (Each case is independent of the others).
(a) What is the of 20 periodic payments of $12,000 each made at the beginning of each period and compounded at 6%?
(b) What is the present value of $7,500 to be received at the beginning of each of 30 periods, discounted at 8% compound interest?
(c) What is the of 15 deposits of $6,000 each made at the beginning of each period and compounded at 8%? as of the end of the fifteenth period.)
(d) What is the present value of six receipts of $3,000 each received at the beginning of each period, discounted at 10% compounded interest?

Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...