то 0 1 2 3 + $100 $100 H $100 f. 1. What is the future value of a 3-year, $100 ordinary annuity if the annual interest rate is 4%? 2. What is its present value? 3. What would the future and present values be if it was an annuity due? 40

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
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то
0
1
2
3
+
$100
$100
H
$100
f. 1. What is the future value of a 3-year, $100 ordinary annuity if the annual interest rate is 4%?
2. What is its present value?
3. What would the future and present values be if it was an annuity due?
40
Transcribed Image Text:то 0 1 2 3 + $100 $100 H $100 f. 1. What is the future value of a 3-year, $100 ordinary annuity if the annual interest rate is 4%? 2. What is its present value? 3. What would the future and present values be if it was an annuity due? 40
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