Question: Question 4 2 pts An ordinary annuity has a present value of $18,000. What would be the present value if the first payment were not

Question 4 2 pts An ordinary annuity has a present value

Question 4 2 pts An ordinary annuity has a present value of $18,000. What would be the present value if the first payment were not received until the end of year 9? Assume a cost of capital of 9%. Question 5 2 pts How much would you need to save each year in order to accumulate $3,000,000 in 30 years? Assume the interest rate is 12% and that the payments occur at the end of each year

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