how to compute on financial calculator

19. 11. What is the present value of a loan that calls for the payment of $500 per year for six years if the discount rate is 10% and the first payment will be made one year from now? How would your answer change if the $500 per year occurred for ten years? 12. Determine the annual payment on a $500,000, 12% business loan from a commercial bank that is to be amortized over a five-year period