How much will you have in six years if the payments

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Reference no: EM132008569

Suppose you are going to receive $13,600 per year for six years. The appropriate interest rate is 8.5 percent

What is the present value of the payments if they are in the form of an ordinary annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

What is the present value if the payments are an annuity due? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Suppose you plan to invest the payments. How much will you have in six years if the payments are an ordinary annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Suppose you plan to invest the payments. How much will you have in six years if the payments are an annuity due? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Reference no: EM132008569

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