1. Present and future values for different interest rates Find the following values. Compounding/discounting occurs annually.
The present value of 1552.90 due in 10 years at 12% and 6%
2. Daniel borrowed $20,000 with a premise to repay the loan in 6 years with a uniform monthly payment and a single payment of $2,000 at the end of six years at a nominal interest rate of 12% per year. What is the amount of each payment?