Find the present value of the following ordinary simple annuity.

Periodic Payment	Payment Interval	Term	Interest Rate	Conversion Period
$489.00	3 months	5.25 years	10%	quarterly

The present value is $

2.

Find the future value of the following

ordinary

simple

annuity.

Periodic Payment	Payment Interval	Term	Interest Rate	Conversion Period
$613.00	1 month	6.75 years	10%	monthly

The future value is $

3. A contract can be fulfilled by making an immediate payment of $13,000 or equal payments at the end of every six months for 11 years. What is the size of the semi-annually payments at 10.4% compounded semi-annually? The payment is $

4.

For the following ordinary annuity, determine the size of the periodic payment.

Future Value	Present Value	Payment Period	Term of Annuity	Interest Rate	Conversion Period
$5,900.00		1 quarter	8 years, 9 months	8.9%	quarterly

The periodic payment is $