03 04 05 h. Find the PV of an ordinary annuity that pays $1,000 at the end of each of the next 5 years if the interest rate 06 is 15%. 07 08 Inputs: 09 10 11 112 113 PV: Use function wizard (PV) 114 PMT= FV = N = I/YR = 121 122 123 124 PV: Use function wizard (PV) 125 126 115 116 i. How would the PV and FV of the above annuity change if it were an annuity due rather than an ordinary 117 annuity? 118 119 Inputs: 120 PV = PMT= FV = N = I/YR = PV =

h. Find the PV of an ordinary annuity that pays $1,000 at the end of each of the next 5 years if the interest rate is 15%. Inputs: PMT=FV=N=IMR= PV: Use function wzard (PV) PV= 1. How would the PV and FV of the above annuity change if it were an annuify due rather than an ordinary annuity