llUlllli UBlhod, so the future value of an annuity due is equal to the future value of an ordinary annuity compounded for The present value of an ordinary annuity, PVAN is the value today that would be equivalent to the annuity payments (Phm received ficed intervals over the annuity period. The equation is: at PVA N PMT Each payment of an annuity due is discounted or one less peiod, so the present value of an annuay dueis equal to the presert velueof an ordinary annuity multipled by a one can solve for payments (PMnn, periods (N), and interest rates a for annuities. The easiest way to solve for these variables with a financia calculator or a spreadsheet. is Corre et Quantitative Problem 1: You plan to deposit si o per year for 4 years into a money market account with an annual return of 3%. You plan to make your first deposit one year from today. a. what amount will be in your account at the end of 4 years? Round your answer to the nearest cent Do not round ntermediate calaulations b. Assume that your deposits will begin today hat amount wil be in your account after 4 years? Round your answer to the nearest cent. Do not round intermedate calaulations Hide Review the FMA udefinition and its equation Understand the difference between an ordinary annuity and an annuity due. Be careful about the order of mathematical operations if using the equation. using a financial calculatoo be careful about the meaning of the negative sign. Quantitative Problem 2: You and your wife are making plans for retirement. You plan on living 30 years after you retire and would ake to have soo ooo annualy on whlch to Dve that your retirement account will earn 10% annualy