$14$

$0\mathrm{.}08$

points

a$.$ What is the value of your annuity today?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

b$.$ What happens to the value of your investment if interest rates suddenly drop to $6$ percent?

eBook

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

c$.$ What if interest rates suddenly rise to $16$ percent?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

References

$\backslash$table$[[$a$.$ Present value at $11$ percent,$],[$b$.$ Present value at $6$ percent,$],[$c$.$ Present value at $16$ percent,$]]$