Present value of an ordinary annuity

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Reference no: EM131535416

Compute the following:

(a) Value of $1,000 at the end of 5 years, if the interest rate is 8%.

(b) Value of $300 at the end of 3 years that you will put away at the end of each month for the next 3 years, if the interest rate is 6%.

(c) Present value of $1,200 to be received at the end of 4 years, if the interest rate is 4%.

(d) Present value of $800, $900, and $1,000 to be received at the end of 1, 2, and 3 years, if the interest rate is 7%.

(e) Present value of an ordinary annuity of $500 to be received every six months for the next 10 years, if the interest rate is 4%.

(f) Present value of an annuity due of $500 to be received every six months for the next 8 years, if the interest rate is 9%.

Reference no: EM131535416

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