Jenny Enterprises has just entered a lease agreement for a n…

Jenny Enterprises has just entered a lease agreement for a new manufacturing facility. Under the terms of the agreement, the company agreed to pay rent of $21,500 per month for the next 10 years with the first payment due today. If the APR is 8.64 percent compounded monthly, what is the value of the payments today?

You just settled an insurance claim that calls for increasin…

You just settled an insurance claim that calls for increasing payments over a 10-year period. The first payment will be paid one year from now in the amount of $5,000. The following payments will increase by 3.5 percent annually. What is the value of this settlement to you today if you can earn 6.5 percent on your investments?