PV and FV Calculator

You were asked to invest $60,000 into a business and it was guaranteed to you that you'll be paid $600/month for 15yrs with an annual interest rate of 6%/yr. Is this a good investment?


Potential Investment: Health Food Store
Investment Amount $60,000.00
Annual Interest Rate 6%
Term (Years) 15
Payment $600.00

Present Value ??????
Is this a good investment? ?????


Using a PV calculator I found the PV=$71,102.11 which means it's a good investment. Am I correct?


#2

Potential Investment: Savings Plan
Annual Interest Rate 1.25%
Term (Years) 3
Monthly Deposit 1000
Future Value ?????
Interest Earned ?????


Using FV calculator I got FV=$36,664.06, Interest Earned=$664.06
Am I right?

Thanks in advance.