Question: Answer the following questions. (a) What would be the future value of $8,382 invested annually for nine years beginning one year from now if the

Answer the following questions.

(a)

What would be the future value of $8,382 invested annually for nine years beginning one year from now if the annual interest rate is 10 percent? (Round answer to 0 decimal places.)

Future value

(b)

What would be the present value of a $9,897 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 10 percent? (Round answer to 0 decimal places.)

Present value

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