Present value and future value of an annuity Analyze the following cases: Present value and future value of an annuity. Fran Abrams wants to determine how much money she will have at the end of 5 years if she chooses Annuity A, that is, the ordinary annuity. She will deposit $1,000 annually, at the end of each of the next 5 years, into a savings account that pays 7% annual interest. Present value and future value of mixed income. Frey Company, a shoe manufacturer, has the opportunity to receive the following mixed cash flow income over the next 5 years: Year 1 $3,000 Year 2 $5,000 Year 3 $4,000 Year 4 $3,000 Year 5 $2,000 If the company must earn at least 9% on its investments, what is the most it should pay for that opportunity?please show step by step how you reach the solution