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1) Calculate the amount of money that will be in each of the following accounts at the end of the given period (future value) assuming that interest is compounding annually.
Account Amount Deposited Rate Years AmountJackson Brown $30,000 4% 6Cristy Martel $60,000 6% 12Jack Daniels $80,000 5% 18David Matthews $100,000 6% 2
1) What is the Present Value of the following annuities?
A. $3,000 a year for 10 years discounted to the present value at 8%. B. $50,000 a year for 3 years discounted to the present value at 3% C. $280 a year for 8 years discounted to the present value at 7% D. $600 a year for 10 years discounted to the present value at 10%
With explanation
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