AaBbCcDdEe Normal Accounting 102-Chapter 10: Present Value and Future Value For each of the following, please provide the following: a. b. c. Determine whether you use the Present Value or Future Value Tables Do you use the "Single Payment Annuity" or the "Ordinary Annuity" Show your calculation for either the present value or future value calculation (Show your work) Assume that $40,000 is invested today. Compute the amount that would accumulate at the end of twelve years when the market rate of interest is 6% compounded annually? 1. 2. A contract calls for a lump sum payment of $120,000 What is the present value of the contract assuming the payment is due in eight years and the current market rate of interest is 6% compounded annually 3. $3,000 is deposited in an account at the end of each of nine years. What is the future value of those deposits assuming market rate of interest of 12% compounded annually? 4. A contract calls for annual payments of $5,000. What is the present value of the contract assuming the number of payments is twelve, and the current interest rate is 5% compounded annually? glish (US)