Question: 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

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 #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 #2A: 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 # 3: You will receive 29 annual payments of $23,500. The first payment will be received 8 years from today and the interest rate is 5.2 percent. What is the value of the payments today?

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