Find the PV of an ordinary annuity that pays $1,000 each of the next 5 years if the interest rate is 15%. What is the annuity’s FV?

g. How will the PV and FV of the annuity in Part f change if it is an annuity due?

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h. What will the FV and the PV be for $1,000 due in 5 years if the interest rate is 10%, semiannual compounding?

i. What will the annual payments be for an ordinary annuity for 10 years with a PV of $1,000 if the interest rate is 8%? What will the payments be if this is an annuity due?


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