What is present value of these payments

Assignment Help Financial Management

Reference no: EM131829003

1. Assume that, starting next year, you make annual deposits of $ 972 into a savings account that pays 4% interest. How much will you have in your account after 11 years? Enter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign.

2. Assume that starting next year, you will receive payments of $ 952 every year for 19 years. The discount rate it 4 %. What is the present value of these payments? Enter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign.

Reference no: EM131829003

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