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What is the present value of an annuity

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1. What is the present value of an annuity in which $100 is paid each year for 6 years, assuming a discount rate of 4% and the first payment is received one year from now?

Please round your answer to the nearest cent.

2. What is the present value of an annuity in which $100 is paid each year for 4 years, assuming a discount rate of 9% and the first payment is received one year from now?

Please round your answer to the nearest cent.

3. What is the present value of $100 paid each year forever, assuming a discount rate of 4% and the first payment is received one year from now?

Please round your answer to the nearest cent.

4. What is the present value of $400 paid each year forever, assuming a discount rate of 7% and the first payment is received one year from now?

Please round your answer to the nearest cent.

Reference no: EM131758100

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