# Question: 1 what is the present value of a 1200 payment...

###### Question details

1. What is the present value of a $1,200 payment made in five
years when the discount rate is 9 percent? **(Do not round
intermediate calculations. Round your final answer to 2 decimal
places.)**

**2.** What is the future value of a $1,000 annuity
payment over four years if interest rates are 8 percent?
**(Do not round intermediate calculations. Round your final
answer to 2 decimal places.)**

3. What's the present value of a $930 annuity payment over five
years if interest rates are 9 percent? **(Do not round
intermediate calculations. Round your final answer to 2 decimal
places.)**

**4. Monica has decided that she wants to build enough
retirement wealth that, if invested at 9 percent per year, will
provide her with $5,100 of monthly income for 25 years. To date,
she has saved nothing, but she still has 30 years until she
retires. **

How much money does she need to contribute per month to reach
her goal? **(Do not round intermediate calculations. Round
your final answer to 2 decimal places.)**

**Please answer all of the questions, if you can not
answer all of the questions do not reply.**