Question: v (a) Your answer is correct. What would be the future value of $8,321 invested annually for nine years beginning one year from now if

 v (a) Your answer is correct. What would be the future

v (a) Your answer is correct. What would be the future value of $8,321 invested annually for nine years beginning one year from now if the annual interest rate is 20 percent? (Round answer to 2 decimal places, e.g., 1,220.25.) Future value 173067.66 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT Attempts: 1 of 2 used v (b) What would be the present value of a $9,586 annuity for which the first payment will be made beginning one year from now, payments will last for 27 years, and the annual interest rate is 9 percent? (Round answer to 2 decimal places, e.g., 1,220.25.) Present value Click if you would like to Show Work for this question: Open Show Work

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!