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f. Find the PV of an ordinary annuity that pays $1,000 each of the next 6 years if the interest rate is 13%. Then find

f. Find the PV of an ordinary annuity that pays $1,000 each of the next 6 years if the interest rate is 13%. Then find the FV of that same annuity. Round your answers to the nearest cent.

PV of ordinary annuity: $ fill in the blank 25 FV of ordinary annuity: $ fill in the blank 26

g. How will the PV and FV of the annuity in part f change if it is an annuity due rather than an ordinary annuity? Round your answers to the nearest cent.

PV of annuity due: $ fill in the blank 27 FV of annuity due: $ fill in the blank 28

h. What will 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: $ fill in the blank 29 PV with semiannual compounding: $ fill in the blank 30

i. Find the annual payments for an ordinary annuity and an annuity due for 12 years with a PV of $1,000 and an interest rate of 9%. Round your answers to the nearest cent.

Annual payment for ordinary annuity: $ fill in the blank 31
Annual payment for annuity due: $ fill in the blank 32

j. Find the PV and the FV of an investment that makes the following end-of-year payments. The interest rate is 9%.

Year Payment
1 $200
2 $300
3 $500

Round your answers to the nearest cent.

PV of investment: $ fill in the blank 33 FV of investment: $ fill in the blank 34

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