16. Calculate the present value of an annual payment of $3000 per year for ten y

16. Calculate the present value of an annual payment of $3000 per year for ten years at 8% (ordinary annuity) 17. How much will you have at the end of the 6th year if you invest $5000 annually for six years at 7% annual rate if you start one year from today? Calculate the present value for # 18 19 and 20 if the discount rate is 12%. 18. $45000 today in one lump sum. 19. $70000 paid to you in seven equal payments of $10000 at the end of each of the next seven years. 20. $80000 paid in one lump sum 7 years from now. 21. Your Aunt Matilda Mae makes you the following offer: $15000 upon graduation in one year or $18000 upon MBA graduation in 3 years. Which offer should you take if current rates are 14%