1. Present Value of an Annuity What is the present value of a $1,900 annuity payment over 5 years if interest rates are 9 percent?
2. Assets such as inventory land equipment are always presented at their fair market values on the balance sheet.
3. Suppose the real rate is 19.97% and the inflation rate is 2.25%. What is the nominal rate? Use the Fisher Equation to get the answer.