Question: Your answer is correct. What would be the future value of $8,579 invested annually for nine years beginning one year from now if the annual

 Your answer is correct. What would be the future value of

Your answer is correct. What would be the future value of $8,579 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 178433.77 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 $9,807 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 8 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!