Present value of an ordinary annuity

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1. Compounding with Different Interest Rates. A deposit of $680 earns interest rates of 7 percent in the first year and 10 percent in the second year. What would be the second year future value? (Round your answer to 2 decimal places.) Future value $

2. (Present value of an ordinary annuity). What is the present value of $3500 per year for 8 years discounted back to the present at 10%?

The present value of $3500 per year for 8 years discounted back to the present at 10% is $_____.

Reference no: EM131855703

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