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5.1 Future Value of an Annuity Find the future values (FV) of the following ordinary annuities. Interest is calculated and paid once a year. (Draw
5.1 Future Value of an Annuity Find the future values (FV) of the following ordinary annuities. Interest is calculated and paid once a year. (Draw a timeline to visualize the problem) a. $200 per year for 5 years at 5% b, $400 per year for 5 years at 0% c. Rework Parts a and b assuming they are annuities due 5.2 Present Value of an Annuity Find the present values (PV) of the following ordinary annuities, Interest is calculated and paid once a year. (Draw a timeline to visualize the problem) a. $200 per year for 5 years at 5% b. $400 per year for 5 years at 0% c. Rework Parts a and b assuming they are annuities due 5.3 Time for a Lump Sum to Double How long will it take $1,000 to double if it earns the following rates? Interest is calculated and paid once a year. (Draw a timeline to visualize the problem) a. 7% b. 18%
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