PV of ordinary annuity: $

FV of ordinary annuity: $

g$.$ How will the PV and FV of the annuity in part $f$ change if it is an annuity due rather than an ordinary annuity? Round your answers to the nearest cent.

PV of annuity due: $

FV of annuity due: $

FV with semiannual compounding: $

PV with semiannual compounding: $

Annual payment for ordinary annuity: $

Annual payment for annuity due: s

j$.$ Find the PV and the FV of an investment that makes the following end$-$of$-$year payments. The interest rate is $6\%.$

Round your answers to the nearest cent.

PV of investment: $

FV of investment: $s$

Even if the five banks provided the same effective annual rate, would a rational investor be indifferent between the banks?

It is more likely that an investor would prefer the bank that compounded $$ frequently. Suppose you borrow $$16,000.$ The interest rate is $6\%,$ and it requires $4$ equal end$-$of$-$year payments. Set up an amortization schedule that shows the annual payments, interest payments, principal repayments, and beginning and ending loan balances. Round your answers to the nearest cent. If your answer is zero, enter $"0".$

Beginning Repayment Ending

Year Balance Payment Interest of Principal Balance

$1$ $ fill in the blank $60$

$ fill in the blank $61$

$ fill in the blank $62$

$ fill in the blank $63$

$ fill in the blank $64$

$2$ $ fill in the blank $65$

$ fill in the blank $66$

$ fill in the blank $67$

$ fill in the blank $68$

$ fill in the blank $69$

$3$ $ fill in the blank $70$

$ fill in the blank $71$

$ fill in the blank $72$

$ fill in the blank $73$

$ fill in the blank $74$

$4$ $ fill in the blank $75$

$ fill in the blank $76$

$ fill in the blank $77$

$ fill in the blank $78$

$ fill in the blank $79$