suppose you are going to receive 14200 per year Help Sa 10 S

Help Sa 10 Suppose you are going to recelve $14,200 per year for six years. The appropriate interest rate is 9.3 percent. 10 a. What is the present of the payments If they are In the form of an ordinary annuity? (Do not round Intermedlate calculations and round your answer to 2 decimal places, e.g., 32.16.) What is the present value if the payments are an annulty due? (Do not round b. calculations and round your answer to 2 decimal places, e.g. 32.16.) Suppose you plan to invest the payments for six years. What is the future value If the payments are an ordinary annuity? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. Print d. Suppose you plan to invest the payments for six years. What is the future value if the payments are an annuity due? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) 63,134.29 69,005.78 107,643.12 b. Present value of an annuity due c. Future value of an ordinary annuity d. an annui K Prev 10 of 10l Score answer >

Solution

d.Future value of annuity due=Future value of annuity*(1+interest rate)

=107643.12*1.093

which is equal to

=$117653.93(Approx).