Future value of an annuity

Assignment Help Financial Management

Reference no: EM131572037

1. Selling Stock with a Limit Order You would like to sell 100 shares of Pfizer, Inc. (PFE). The current bid and ask quotes are $27.37 and $27.40, respectively. You place a limit sell-order at $27.39. If the trade executes, how much money do you receive from the buyer?

$2,740

$2,739

$2,737

$5,477

2. Future Value of an Annuity What is the future value of a $600 annuity payment over 9 years if the interest rates are 10 percent?

$5,940.00

$9,115.76

$1,414.77

$8,147.69

Reference no: EM131572037

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