Also attached as a file: QUESTION 1 What is the present value of a series of $3,000 payments you expect to receive for six yearsbeginning two years from today, that is from years 2-7? The interest...

Also attached as a file:

QUESTION 1

What is the present value of a series of $3,000 payments you expect to receive for six yearsbeginning two years from today, that is from years 2-7? The interest (discount) rate is 8%.

(Show work)

QUESTION 2

You expect to receive $2000 per year for the next six years except in year 3 when you will receive no payment ($0). What is the present value of these payments if the interest rate is 12%? The first payment begins one year from today.

(Show work)

QUESTION 3

0--------------------1-------------------2-------------------3--------------------4--------------------5--------------------6

300050007000

What is the future value of these payments in year 6 if the interest rate is 14%?

Year 2 - $3000
Year 4 - $5000
Year 6 - $7000

(Show work)

Compounding and Annuities QUESTION 1 What is the present value of a series of $3,000 payments you expect to receive for six years beginning two years from today, that is from years 2-7? The interest (discount) rate is 8%. (Show work) QUESTION 2 You expect to receive $2000 per year for the next six years except in year 3 when you will receive no payment ($0). What is the present value of these payments if the interest rate is 12%? The first payment begins one year from today. (Show work) QUESTION 3 0--------------------1-------------------2-------------------3--------------------4--------------------5--------------------6                                                    3000                                              5000                                           7000 What is the future value of these payments in year 6 if the interest rate is 14%? Year 2 - $3000 Year 4 - $5000 Year 6 - $7000 (Show work)