Question 2. Determine the present value of an ordinary annuity for a period of five years with annual payments of $2,000, assuming the interest rate is seven percent. (Use the Word Document Tables)$8,200.40$4,100.20$8,659.00$10,000None of the Above. Question 3. What lump sum amount should a company invest today if they want to have $20,000 in five years and the interest rate is seven percent (round to the nearest dollar)? (Use the Word Document Tables)$14,260$15,670$7,130$21,400$1140
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.