(Answered) A calculate the future value of annuity of investing 6000

Finance

a. Calculate the Future Value of Annuity of investing $6,000 each year starting now for 9 years at 5% interest rate.

b. Calculate the Present Value of Annuity of receiving $3,000 each year for the next 12 years with interest rate of 6%.

c. Suppose you win a small lottery. You can receive $9,000 now or you can receive $2,200 a year for the next 6 years. Assume 6% interest rate. Which money would you choose?

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