What is the present value of regular end -of -month

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Question 1) What is the present value of regular end -of -month $150 payments to a 10 year annuity earning 2.1% annual interest compounded monthly?

Option 1: 16,222.88

Option 2: 11,325.85

Option 3: 14,767.90

Option 4: 13,151.37

Question 2) What is the future value of a 5 - year annuity with cash flows of $600 at the start of each quarter in an account earning 7% annual interest compounded annually?

Option 1: 16,222.88

Option 2: 11,325.85

Option 3: 14,767.90

Option 4: 13,151.37

 

Reference no: EM132499385

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