Future Value of the Annuity Assignment | Homework For You

consider a six‐cash‐flow annuity, with the first $1000 cash flow occurring twelve years from now and the sixth $1000 cash flow occurring at t = 17 years.

(1) Specifically using six single‐sum (single‐cashflow) equations and a discount rate of 5%/year, calculate the value of this annuity eleven years from now (i.e., at t = 11).

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(2) Specifically using a PV‐of‐annuity equation and a discount rate of 5%/year, calculate the value of this same annuity eleven years from now.

(3) Specifically using nothing but Excel’s prepackaged PV function and a discount rate of 5%/year, calculate the value of this same annuity eleven years from now. Get Finance homework help today