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  3. 1- mike carlson will receive $32,000 a year from

1- Mike Carlson will receive $32,000 a year from the end of the third...

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Finance

1-

Mike Carlson will receive $32,000 a year from the end of the third year to the end of the 14th year (12 payments). The discount rate is 12%. The present value today of this deferred annuity is: Use Appendix B and Appendix D to calculate the answer.

  • $169,893

  • $139,248

  • $152,442

  • $157,972

2-

You will deposit $2,000 today. It will grow for 6 years at 10% interest compounded semiannually. You will then withdraw the funds annually over the next 4 years. The annual interest rate is 8%. Your annual withdrawal will be: Use Appendix A and Appendix D to calculate the answer.

  • $1,085

  • $2,340

  • $4,332

  • $797

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