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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Q: dinary annuity that pays $1,000 at the end of each of the next 5 years if the interest rate is 15%.

A: Given information :

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A: PMT = $2000 r = 1.1% per annum = 0.09167% per month n = 6 years = 72 months

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A:

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A: Using financial calculator N (t) = 3*12 =36 I/Y (r)=5/12 = 0.4167 PMT (m) =50 FV =0

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Q: What is the future value of an 8%, 5-year ordinary annuity that pays $350 each year? Do not round…

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