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a) What is the future value of 20 periodic payments of $5000 each made at the beginning of each period and compounded at 8%?
FV=Amount per period*FV of Annuity Due Factor (8%, 20 Periods)
= 5000*49.42292= $247,114.6
Link to table
b) What is the present value of $2500 to be received at the beginning of each of 30 periods, discounted at 10% compound interest?
PV=Amount per period*PV of Annuity Due Factor (10%, 30 Periods)
= 2500*10.36961 = $25924.03
Link to table
c) What is the future value of 15 deposits of $2000 each made at the beginning of each period and compounded at 10%? (Future value as of the end of the fifteenth period).
FV=Amount per period*FV of Annuity Due Factor (10%, 15 Periods)
= 2000*34.94973 = $69899.46
Link to table
d) What is the present value of six receipts of $3000 each received at the beginning of each period discounted at 9% compounded interest?
PV=Amount per period*PV of Annuity Due Factor (9%, 6 Periods)
= 3000*4.88965 = 14668.95
Link to table
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