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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

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 8%. Round your answers to the nearest cent.

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

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J. Find the PV and the FV of an investment that makes the following end-of-year payments. The interest rate is 8%.

Year Payment
1 $100
2 $300
3 $400

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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