What is the value today of an annuity of $5,900 per year, with the first cash flow received three years from today and the last one received 25 years from today? Use a discount rate of 8 percent. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Value today           $

Q: Use the following time value of money tables for Questions 1-4. Round answers to the nearest dollar.…

A: Solution: Amount deposited to saving account = $3,000 Interest rate = 6% Period = 3 Years

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A: Annuity amount = $3800 Period of annuity = 5 years Payment to be received in = 3 years Interest rate…

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Q: What is the future value of a $900 annuity payment over five years if interest rates are 8 percent?…

A: Future Value: The future value is the amount that will be received at the end of a certain period.…

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A: Annual paymentYearsInterest Rate$1,520109%$6,5403410%$3,64097%$8,3303611%

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A: Annual payment = $4900 Interest rate = 7% Number of annual payments = 5

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