(Future value of an ordinary annuity) What is the future value of $500 per year for 10 years compounded annually at 9 percent? The future value of $500 per year for 10 years compounded annually at 9 percent is S (Round to the nearest cent.) (Related to Checkpoint 6.2) (Present value of an ordinary annuity) What is the present value of $3,000 per year for 8 years discounted back to the present at 11 percent? The present value of $3,000 per year for 8 years discounted back to the present at 11 percent is $ (Round to the nearest cent)
(Future value of an ordinary annuity) What is the future value of $500 per year for 10 years compounded annually at 9 percent? The future value of $500 per year for 10 years compounded annually at 9 percent is S (Round to the nearest cent.) (Related to Checkpoint 6.2) (Present value of an ordinary annuity) What is the present value of $3,000 per year for 8 years discounted back to the present at 11 percent? The present value of $3,000 per year for 8 years discounted back to the present at 11 percent is $ (Round to the nearest cent)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:(Future value of an ordinary annuity) What is the future value of $500 per year for 10 years compounded annually at 9 percent?
The future value of $500 per year for 10 years compounded annually at 9 percent is S
(Round to the nearest cent.)
Transcribed Image Text:(Related to Checkpoint 6.2) (Present value of an ordinary annuity) What is the present value of $3,000 per year for 8 years discounted back to the present at 11 percent?
The present value of $3,000 per year for 8 years discounted back to the present at 11 percent is $ (Round to the nearest cent)
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