1. Find the present value of an annuity of 10 annual payments of $1,500 each. Use 8% as the discount rate. a. Using the PVA = (C/r)*(1-1/(1+r)^t) formula b. Using the "PV" function in excel c. Create a table of the 10 payments, calculate present value PV = FV/(1+r)^t formula for each payment, and sum the present values.

Find the present value of an annuity of 10 annual payments of $1,500 each. Use 8% as the discount rate. a. Using the PVA = (C/r)(11/(1+r)t) formula b. Using the "PV" function in excel c. Create a table of the 10 payments, calculate present value PV=FV/(1+r)t formula for each payment, and sum the present values