1. Present Value of a Perpetuity What's the present value, when interest rates are 6.60 percent, of a $110 payment made every year forever?
$1,100.00
$726.00
$7.26
$1,666.67
2. Future Value of an Annuity What is the future value of a $400 annuity payment over 7 years if the interest rates are 8 percent?
$3,024.00
$685.53
$3,569.12
$4,103.92