Discounted at rate of six percent per period for four period

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Reference no: EM131990413

1. An ordinary annuity of $650 per period, discounted at a rate of six percent per period for four periods, has a present value of $2,252. If the same annuity was an annuity due, what would its present value be? (Round your answer to the nearest dollar.)

A. $2,902

B. $2,252

C. $2,767

D. 2,387

2. What's the future value of a $12,500 investment, earning eight-percent interest per period, after three periods? (Rount your answer to the nearestt dollan.)

A. $15,320

B. $15,943

C. $15,746

D. $15,500

Reference no: EM131990413

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