If the present value of an ordinary 7-year annuity is 6800, Financial Management

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If the present value of an ordinary 7-year annuity is 6800

1. If the present value of an ordinary, 7-year annuity is $6,800 and interest rates are 8.5 percent, what’s the present value of the same annuity due? (Round your answer to 2 decimal places.)

2. What is the future value in 10 years of $200 today at an interest rate of 5%?

3. You are to make monthly deposits of $800 into a retirement account that pays an APR of 9.8 percent compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 31 years?

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Financial Management: If the present value of an ordinary 7-year annuity is 6800

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Financial Management: If the present value of an ordinary 7-year annuity is 6800

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