What is the future value of the same annuity due

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Reference no: EM131341875

1. What's the taxable equivalent yield on a municipal bond with a yield to maturity of 5.1 percent for an investor in the 28 percent marginal tax bracket? (Round your answer to 2 decimal places.)

5.10% 1.43% 7.08% 18.21%

2. If the future value of an ordinary, 5-year annuity is $6,400 and interest rates are 8 percent, what's the future value of the same annuity due?

$6,911.99 $6,720 $6,400 $5,925.93

Reference no: EM131341875

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