What is the present value of a monthly payment

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A If you were to save $5000 every year for the next ten years, and you could invest at a rate of 12% on average, what would be the total value of your investment in 10 years?

B What is the present value of a monthly payment of $200, for every month, through the next 8 years? Assume that the rate of interest is 6% annually.

C At what rate of interest would you need to invest in order for a savings of $20,000 per year to be worth one million dollars after 25 years?

Reference no: EM13298759

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