Assignment: Problem Set $5$B

Question #$1$: What is the future value of annual payments of $$2,950$ for $9$ years at a $6\%$ interest rate? $($Unless specified otherwise, assume an ordinary annuity.$)$

Question H$2$: What is the present value of annual payments of $$11,000$ for $18$ years at an $8\%$ interest rate? $($Unless specified otherwise, assume an ordinary annuity.$)$

Question #$2$A: What is the present value of annual payments of $$11,000$ for $18$ years at an $8\%$ interest rate assuming the first payment is made today? $($Same as question $$2,$ except this is an annuity due since it specifies the "first payment is made today".$)$

Question $73$ : You will receive $29$ annual payments of $$23,500.$ The first payment will be received $8$ years from today and the interest rate is $5\mathrm{.}2$ percent. What is the value of the payments today?

$FV=C**((1+r{)}^2-1)$

Show your answer along with the formula written out and round to the penny for your answer. Do not round any intermediate calculations.

$28$