Your grandmother will be giving you $10,000 every year for the next five years, the first payment beginning at the end of the first year A) If you invest these receivables in a bank at 6%, what is the total value at the end of 10 years if you make withdrawals of $3,000 in years 9 and 10?B) An investor expects to receive $3,000 in year 2, $5,000 in year 5, and $7,000 in year 7. What is the present value of these payments if the interest rate is 8%?

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A To find the total value at the end of 10 years if you invest the receivables from your grandmother ... View the full answer