Present value and future value of an annuity Description: Analyze the following cases and apply what you learned in this week's module. 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? Explain in detail.