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Find the following values. Use proper documentation and round to two decimal place.:
1. The future value of a lump sum of $12,500 invested today at 8 percent, annual compounding for 10 years.
2.. The future value of a lump sum of $12,500 invested today at 8 percent, quarterly compounding for 10 years.
3. The present value of $12,500 to be received in 10 years when the discount rate is 8 percent, annual compounding.
4. The present value of $12,500 to be received in 10 years when the discount rate is 8 percent quarterly compounding.
5. What is the present value of an ordinary annuity who pays $3,400 per year for 20 years at 9 percent?
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