1. Calculate the present value of an annuity with monthly deposits of $2,000 at 5% for 20 years. Discuss how the present value of an annuity will change if the deposit is doubled?
2. What are the levers with which managers affect their companies’ financial performance. What are their uses and limitations?
3. Suppose you want to buy a $200,000 house and want to pay it in 15 years. Find the current rate for 15 year mortgages and calculate the amortization table for the 15 years.