Question

Use a financial calculator or computer software program to answer the following questions:
a. What would be the future value (FV) of $7,455 invested annually for nine years beginning one year from now if the annual interest rate is 19 percent?
b. What would be the present value (PV) of a $9,532 annuity for which the first payment will be made beginning one year from now, payments will last for 27 years, and the annual interest rate is 13 percent?


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  • CreatedMarch 27, 2015
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