What is the future value of a $830 annuity payment over six years if interest ra

Question

What is the future value of a $830 annuity payment over six years if interest rates are 10 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value What's the present value of a $830 annuity payment over six years if interest rates are 10 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value What's the present value, when interest rates are 7.5 percent, of a $200 payment made every year forever? (Round your answer to2 decimal places.) Present value

Explanation / Answer

1)Future value =FVA 10%,6*A

         = 7.71561*830

          = $ 6403.96

2)present value=PVA 10%,6*Amount

      = 4.35526*830

      = $ 3614.87

3)present value of annuity =Amount /rate

           = 200/.075

         = $ 2666.67

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