f. Find the PV of an ordinary annuity that pays $1,000 each of the next 5 years if the interess rate is 16%. Then find the fV of that same annuity, Round your answers to the nearest cent. PV of ordinary annuity: 5 FV of ordinary annuity: 5 g. How will the PV and FV of the annuity in part f change if it is an annuty due rather than an ordinary annuity? Round your answers to the nearest cent. PV of annuity due: $ FV of annuity due: $ h. What win the FV and the PV for parts a and c be if the interest rate is 10% with semiannual compounding rather than 10% with annual compounding? Round your answers to the nearest cent. FV with semiannual compounding: $ PV with semiannual compounding: $ 1. Find the annual psyments for an ordinary annuity and an annuity due for 10 years with a PV of $1,000 and an interest rate of 8%. Round your answers to the nearest cent. Annual payment for ordinary annuity: $ Annual poyment for annuity due: 3. Find the PV and the FV of an investment that makes the following end-of-year payments. The interest rate is 8%. Round your answers to the nearest cent. PV of investment: $ FV of investment: $ k. Five banks offer nominal rates of 7% on deposits, but A pays interest annually, B pays semiannually, C pays quarterty, D pays monthly, and E pays daily. Assume 365 days in a year. 1. What effective annual rate does each bank pay? If you deposit $6,000 in each bank todoy, how much will you have in each bank at the end of 1 year? 2 years? Round your answers to two decimal places. decimal piaces. E - with payments beginning today. How large must the payments be to each bank? Round your answers to the nearest cent. 4. Even if the flue baniks provided the same effective annual rate, would a rational irvestor be indifferent between the banks? It is more likely that an investor would prefer the bank that compounded frequently, peincipal repayments, and beginning and ending ioan balances. Round your answers to the nearest cent, If your answer is zero, enter "0", Choose the correct graph that shows how the payments are divided between interest and principal repsyment oyer time. The correct graph is