Problem
1. Find the present value of an annuity that yields an income of $2000 at the end of each month for 10 years, assuming that the interest rate is 6% compounded monthly
2. Determine the present value of $7000 in 2 years' time if the discount rate is 8% compounded
(a) quarterly
(b) continuously
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.