What is the pv of an ordinary annuity

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Reference no: EM131510209

1. Last year Rocco Corporation's sales were $525 million. If sales grow at 6% per year, how large (in millions) will they be 5 years later?

a) $756.77 b) $1,096.34 c) $1,212.77 d) $702.57 e) $970.21

2. What is the PV of an ordinary annuity with 10 payments of $2,700 if the appropriate interest rate is 4%?

a) $21,899.42 b) $24,625.42 c) $17,705.88 d) $17,909.40 e) $20,351.59

Reference no: EM131510209

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