Managerial Finance Questions

timer Asked: May 19th, 2015
account_balance_wallet $10

Question description

Can you answer the following two questions?

1.  What is the future value of a 5-year ordinary annuity with annual payments of $ 679 , evaluated at a 8.19 percent interest rate? Display your answer to the nearest $.01 and as a positive number.

2.  Assume that you have a lump sum $ 168 that you are investing for 4 years at a nominal rate of 12 %. What is the expected Future Value? Display your answer to the nearest $.01 and as a positive number.

Tutor Answer

Boston College

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