A four-year investment requires annual deposits of $300 at the beginning of each year. The deposits earn 8% per year. What is the investment’s future value? Remember, the deposits are made at the beginning of each year (annuity due).
Find the APR on a loan of $81,590 for 17 years that has a payment of $810 every month.
If the discount rate is 6.8%, what would you be willing to pay for receiving a payment of $800 every year forever?
Calculate the present value of $400 to be received at the beginning of each year for four years if the discount rate is 13%. Remember, the payments will be received at the beginning of each year (annuity due).
What is the present value of an annuity of $456 to be received at the end of each year for three years discounted at 10.4% APR?