these problems must be solved using financial calculators, This problem set is specific to the use of your BA2+ financial calculator. If the problem is an annuity due, type BGN above your variable line to indicate the change in process

What's the present value of a 10-year ordinary annuity of $12,250 per year plus an additional $5,000 at the end of Year 10 if the interest rate is 8%?

N = I/YR = PV = PMT = FV = ? =

What's the future value of $12,250 after 8 years if the appropriate annual interest rate is 4%, compounded quarterly?

N = I/YR = PV = PMT = FV = ? =

Your aunt has $3,175,000 and wants to retire. She expects to live for another 25 years and to earn 4.25% annually on her invested funds. How much could she withdraw quarterly for the next 25 years and end up with zero in the account?

N = I/YR = PV = PMT = FV = ? =

You just inherited some money, and a broker offers to sell you an annuity that pays $50,000 at the end of each year for 15 years. You could earn 8.25% on your money in other investments with equal risk. What is the most you should pay for the annuity?

N = I/YR = PV = PMT = FV = ? =

You inherited an oil well that will pay you $12,000 per month for 12 years, with the first payment being made today. If you think a fair return on the well is 7.45%, how much should you ask for it if you decide to sell it?

N = I/YR = PV = PMT = FV = ? =