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Evaluate the present value received at start of every year

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Question 1: Find the present and future value of $1000 received every month end for 20 years if the interest rate is J12 = 12% p.a. 

Question 2: Find the present value of $10,000 received at the start of every year for 20 years if the interest rate is J1 = 12% p.a. and if the first payment of $10,000 is received at the end of 10 years. 

Question 3: John is currently 25 years old. He has $10,000 saved up and wishes to deposit this into a savings account which pays him J12 = 6% p.a. He also wishes to deposit $X every month into that account so that when he retires at 55, he can withdraw $2000 every month end to support his retirement. He expects to live up till 70 years. How much should he deposit every month into his account?

Reference no: EM132539454

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