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Determine the amount of each payment

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1. An initial investment of $37,260 is to be returned in eight equal annual payments. Determine the amount of each payment if the interest rate is 6 percent.

2. Find the present value of an investment that will pay $9,000 at the end of Years 10, 11, and 12. Use a discount rate of 10 percent.

Exhibit 25A.1

Present Value of $1 = 1/(1+i)^n

Discount Rate 10%

Period 10 .38544

Period 11 .35049

Period 12 .31863

Reference no: EM132957369

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