Question: pls round by two decimals and pls show your work Problem 1 Find the following values: a. The future value of a lump sum of
Problem 1 Find the following values: a. The future value of a lump sum of $8,000 invested today at 6 percent, annual compounding for 5 years. b. The future value of a lump sum of $8,000 invested today at 6 percent, quarterly compounding for 5 years. c. The present value of $8,000 to be received in 5 years when the discount rate is 6%, annual compounding. d. The present value of $8,000 to be received in 5 years when the discount rate is 6% quarterly compounding. e. What is the present value of an ordinary annuity who pays $2,000 per year for 5 years at 6 percent? f. What is the present value of an annuity due who pays $2,000 per year for 5 years at 6 percent
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