FVA=PMT((1+(r/12)t(12))1)/(r/12)PVA=PMT((1(1+(r/12))t(12)))/(r/12) Using the formulas above, calculate the following 1) What is the future value of annuity (FVA) that has MONTHLY payments of $700 for 10 years if the annual interest rate is 6% ? 2) What is the present value of annuity that has MONTHLY payments of $2,500 for 15 years if the annual interest rate is 9%? 3) What is the future value of annuity that has MONTHLY payments of $2,000 for 12 years if the annual interest rate is 4.5%? 4) What is the present value of an annuity that has MONTHLY payments of $3,000 for 13 years if the annual interest rate is 3%