1. If the present value of an ordinary, 6-year annuity is $6,900 and interest rates are 7.5 percent, what’s the present value of the same annuity due? (Round your answer to 2 decimal places.)
2. Calculate the duration of a 4 year, 10% coupon bond, with 10% required return with annual cash flows?
3. Compute the future value in year 8 of a $2,300 deposit in year 1 and another $1,800 deposit at the end of year 3 using a 10 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.)