:confused::eek:calculating annuities
suppose you are going t orecieve 16000 per yr for 4 yrs. The appropriate intgerest rate is 15%

1) what is the present value of the payments if they are in the form of an ordinary annuity


2) what is the present value of the payments if they are in the form of an annuity due


3)suppose you plan to visit the payments for 4yrs . What is the future value if the payments are an ordinary annunity. (future value)

4)what if the payment are an annunity due (future)

1. Use the formulas for PV and FV of annuities.
2. If you need further guidance, read the forum's homework help rules to see what you'll need to do.
3. While you're visiting your payments for 4 years, who'll be watching the dog?