In: Finance
1. Calculate the future value of an annuity due given the following information:
Number of periods: 4
Interest rate: 9%
Payments of $100 made at the beginning of each period.
2. Calculate the present value of an ordinary annuity given the following information:
Number of periods: 7
Interest rate: 3%
Payments: $500
3. How many times per year is a principal compounded with continuous compounding?