21. A) Using a handheld (5 button) financial calculator, compute the present value of a finite annuity stream. The first payment occurs in one year, and the last payment occurs 12 years from today. The first payment will be $251. Subsequent payments will grow at an annual rate of 4.1%. Use an effective annual discount rate (EAR) of 11.9%.

B) Using a handheld (5 button) financial calculator, compute the present value of a finite annuity stream. The first payment occurs in 9 years, and the last payment occurs 18 years from today. The first payment will be $111. Subsequent payments will SHRINK at an annual rate of -3.2%. Use an effective annual rate (EAR) of 8.6%.

C)Using a handheld (5 button) financial calculator, compute the future value which coincides with the last payment of a finite annuity stream. The first payment occurs in one year, and the last payment occurs 10 years from today. The first payment will be $125. Subsequent payments will grow at an annual rate of 2.0%. Use an effective annual rate (EAR) of 7.0%.

D) In the same spirit as the prior question, using a handheld (5 button) financial calculator, compute the future value, F, which coincides with the last payment of a finite annuity stream.

The first payment occurs in one year, and the last payment occurs 17 years from today. The first payment will be $287. Subsequent payments will grow at an annual rate of 3.5%. Use an effective annual rate (EAR) of 11.5%.

E)Using a handheld (5 button) financial calculator, compute the future value which coincides with the last payment of a finite annuity stream. The first payment occurs in four years, and the last payment occurs nine years from today. The first payment will be $135. Subsequent payments will grow at an annual rate of 5.0%. Use an effective annual rate (EAR) of 11.0%.

F) Using a handheld (5 button) financial calculator, compute the future value, F, which coincides with the last payment of a finite annuity stream. The first payment occurs in 5 years, and the last payment occurs 14 years from today. The first payment will be $157. Subsequent payments will grow at an annual rate of 3.8%. Use an effective annual rate (EAR) of 10.5%.