An investment will provide Nicholas with $100 at the end of each year for the next 10 years. What is the present value of that annuity if the discount rate is 8% annually? What is the present value of the above annuity if the payments are received at the beginning of each year? If you deposit those payments into an account earning 8%, what will the future value be in 10 years? What will the future value be if he opening the account with $1,000 today, and then make the $100 deposits at the end of each year?

Question

An investment will provide Nicholas with $100 at the end of each year for the next 10 	years. What is the present value of that annuity if the discount rate is 8% annually? What 	is the 	present value of the above annuity if the payments are received at the beginning 	of each	year? If you deposit those payments into an account earning 8%, what will the future 	value be in 10 years? What will the future value be if he opening the account with 	$1,000 today, and then make the $100 deposits at the end of each year?