Question

incandDAn ty C S an ordi ayam isiseper year tr mne, isa and-al Tim. value-Annuities Personal Fin $1,760 per year for 5 years ce Prti Marian Krk wishes to select he bem rofhoSyear an a. Find the future value of both annuises at the end of year 5, assuming that Marian can earn (1,9% annual interest and (2) 18%annual interest b. Use your idngs in part a to indicate which anuity has the greater future value at the end of year 5 for both the (1)9%and(2) 18% interest rates c. Find the present value of both annuities, assuming that Marian can earn (1) 9% annual interest and 2) 18% interest d. Use your tidngs in part c to indicate whihannuity has the greater present value l r both the < 1195 and (2) 18% interest rates e. Briefly compare, contrast, and explain any diferences between your sndings using the 9% and 18% íterest rates in parts b and d a. The future value ofAnulty C at 9% interest ist[] (Round to the nearest cent ) The tnure value or Armity D at 9% interest is S» (Round to the nearest cent) The uro value of Arndty C at 18% interest is SÍ Rumd to the nearest cent) The Mre value of Anulty D at 10% interest is S @nnd to the nearest cent ) b. Using your findings in part a which annuily has the greater future value at the end of year 5 O Annuity C r, part a which anruity has the greater hAre value at the end of year 5 at 9% interest? (Select the best answer below) Annuity D Using your firdrgs in part a which annuity has the greater future vahe atthe end of year 5 at 18% interest? (Select the best answe below )

Answer 1