f. Find the PV of an ordinary annuity that pays $1,000 each of the next 4 years if the interest rate is 15%. Then find the FV of that same annuity. Round your answers to the nearest cent. PV of ordinary annuity: $   FV of ordinary annuity: $   g. How will the PV and FV of the annuity in part f change if it is an annuity due rather than an ordinary annuity? Round your answers to the nearest cent. PV of annuity due: $   FV of annuity due: $

Essentials Of Investments
11th Edition
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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f. Find the PV of an ordinary annuity that pays $1,000 each of the next 4 years if the interest rate is 15%. Then find the FV of that same annuity. Round your answers to the nearest cent.

PV of ordinary annuity: $  
FV of ordinary annuity: $  

g. How will the PV and FV of the annuity in part f change if it is an annuity due rather than an ordinary annuity? Round your answers to the nearest cent.

PV of annuity due: $  
FV of annuity due: $  

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