Suppose you are going to receive $24,000 per year for 6 years. The appropriate interest...
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| Suppose you are going to receive $24,000 per year for 6 years. The appropriate interest rate is 12 percent. |
| a. | What is the present value of the payments if they are in the form of an ordinary annuity? |
| b. | What is the present value if the payments are an annuity due? |
Suppose you plan to invest the payments for 6 years. What is the future value at the end of Year 6 if the payments are an ordinary annuity?
| d. | Suppose you plan to invest the payments for 6 years. What is the future value at the end of Year 6 if the payments are an annuity due? |
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