1. you plan to deposit into your bank account $200 today, $300 next year and $400...
1. you plan to deposit into your bank account $200 today, $300 next year and $400 at the end of year, and then to withdraw your full balance at the end of year 4, if you can earn 5% per year, how much would you have in your account by the end of year?
a. $849
b. $900
c. $1,031
d. $1218
2. a perpetuity of $600 per year will begin 3 years from today. if want to earn an annual return of 7%, what would be the value or price of the perpetuity today?
a. $7487
b. $8571
c. $9469
d. $10089
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