f. Find the PV of an ordinary annuity that pays $1,000 each of the next 5 years if the interest rate is 12%. Then find t

[answerhappygod]

F Find The Pv Of An Ordinary Annuity That Pays 1 000 Each Of The Next 5 Years If The Interest Rate Is 12 Then Find T 1 (26.46 KiB) Viewed 54 times

f. Find the PV of an ordinary annuity that pays $1,000 each of the next 5 years if the interest rate is 12%. 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: $ h. What will the FV and the PV for parts and c be if the interest rate is 10% with semiannual compounding rather than 10% with annual compounding? Round your answers to the nearest cent. FV with semiannual compounding: $ PV with semiannual compounding: $ i. Find the annual payments for an ordinary annuity and an annuity due 10 years with a PV of $1,000 and an interest rate of 9%. Round your answers to the nearest cent. Annual payment for ordinary annuity: $ Annual payment for annuity due: $