a. What is the present value of nine annual cash payments of $6000 to be paid at the end of each year using an interest rate of 4%?
b. What is the present value of $20000 to be paid at the end of 23 years using an interest rate of 16%?
c. How much cash must be deposited in a savings account as a single amount in order to accumulate $300000 at the end of 12 years assuming
that the account will earn 8% interest?
d. How much cash must be deposited in a savings account (as a single amount) in order to accumulate $50000 at the end of 12 years assuming
that the account will earn 14% interest?