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In your answers, you should properly show your work by writing down your entries into the calculator. For instance, if you use the TVM worksheet

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In your answers, you should properly show your work by writing down your entries into the calculator. For instance, if you use the TVM worksheet of your financial calculator to compute how long it takes to double your account balance given 5\% annual interest rate, you should write down your entries as: I/Y=5,PV=1,PMT=0,FV=2,CPTN= ? - - the question mark here stands for your answer to the question. Question 5 - TVM Worksheet - compute PV in an Ordinary Annuity [2 points] The Furros Company purchased equipment providing an annual savings of $10,000 at the end of each year over the next 10 years. Assuming an annual discount rate of 10%, what is the present value of the savings? (pages 29-30) Question 6 - TVM Worksheet - compute PV in an Annuity Due [2 points] The Furros Company purchased equipment providing an annual savings of $10,000 at the beginning of each year over the next 10 years. Assuming an annual discount rate of 10%, what is the present value of the savings? (pages 29-30) (Hint: you entries in the TMV Worksheet is the same as those in Problem 6. However, you should first reset End-Of-Period Payment from its default END mode to BGN mode.) Question 7 - Cash Flow Worksheet - compute PV [2 points] A company pays \$7,000 for a new machine, plans a 10% annual return on the investment, and expects the following annual investment gains over the next six years: year 1: $3,000; year 25

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