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10. You will receive $5,000 per year, every year for the next five (5) years, beginning at the end of this year. If you use

10. You will receive $5,000 per year, every year for the next five (5) years, beginning at the end of this year. If you use 6% as your discount rate, calculate the present value of this annuity.

11 Refer to the previous question: this is a(n) a. back load annuity b. front load annuity c. annuity due d ordinary annuity e none of the above

IF POSSIBLE SHOW CALCULATIONS USING FINANCIAL CALCULATOR

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