The present value of $10$ equal payments of $$15,000$ to be made at the end of each year for the next $10$ years.

The annual interest rate is $6\%.$ Number of periods

Interest rate per

period

$($N$)$

$($I$)$

Payment amount

Future value

$($PMT$)$

$($FV$)$

The present

value of $24$

equal

payments of

$$1,000$ to be

made at the

end of each

month for the

next $2$ years.

The annual

interest rate is

$12\%.$ The present value of $24$ equal payments of $$1,000$ to be made at the end of each month for the next $2$ years.

The annual interest rate is $12\%.$ Number of periods

$($N$)$

Interest rate per

period

$($I$)$

Payment amount

$($PMT$)$

Future value

$($FV$)$

The present value of $5$ equal

payments of $$6,000$ to be

made at the end of each year

for $5$ years and a single

payment of $$50,000$ to be

made at the end of year $5.$ The

annual interest rate is $4\%$The present value of $5$ equal payments of $$6,000$ to be made at the end of each year for $5$ years and a single

payment of $$50,000$ to be made at the end of year $5.$ The annual interest rate is $4\%.$