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You are the beneficiary of a trust that pays you $25,000 per year for the next...

You are the beneficiary of a trust that pays you $25,000 per year for the next 15 years and assumes a 7.5% required rate of return.
Use this information to answer the following questions using Excel formulas in the space provided.
pmt $25,000 Present Value for Ordinary Annuity
per 15 Present Value for Annuity Due
rate 7.50% Future Value for Ordinary Annuity
fv $652,959 Future Value for Annuity Due
If the interest rate is quoted and compounds monthly, what are the following interest rate?
Quoted Rate per month
Annual Percentage Rate (APR)
Effective Annual Rate (EAR)
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