1. What's the present value of a $530 annuity payment over four years if interest rates are 8 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
2. What’s the interest rate of a 5-year, annual $4,600 annuity with present value of $20,000? (Round your answer to 2 decimal places.)
3. You will recieve 1000 in 10 years, if your opportunity cost is 6% annually, what is the present value of this amount if interest is compounded semi annually? what is the EAR? please show work.