23 Jul WHAT IS THE PRESENT VALUE OF THAT ANNUITY IF THE DISCOUNT RATE IS 8% ANNUALLY?
An investment will provide you with $100 at the end of each year for the next 10 years. What is the Show more An investment will provide you with $100 at the end of each year for the next 10 years. What is the present value of that annuity if the discount rate is 8% annually? What is the present value of the above if the payments are received at the beginning of each year? If you deposit those payments into an account earning 8% what will the future value be in 10 years? What will the future value be if you open the account with $1000 today and then make the $100 deposits at the end of each year? Show less
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