PVA PMT Each payment of an annully due is discounted for one period, so the present value of an annuity due is equal to the present value of an ordinary annuity multiplied by (1+1). The equation is PVAL-PVA(1+1) One can solve for payments (PMT), periods (N), and interest rates (1) for annuities. The easiest way to solve for the variables is with a financial calculator or spreadsheet Quantitative Problem 1: You plan to deposit $2,000 per year for 5 years into a money market account with an annual retum of 2.You plan to make your first deposit one year from today What amount will be in your account at the end of 5 years? Do not round intermediate calculations. Round your answer to the nearest cent. $ Assume that your deposits will begin today. What amount will be in your account after 5 years? Do not round intermediate calculations. Round your answer to the nearest cent, $ tory Quantitative Problem 2: You and your wife are making sans for rent you plan on living 30 years after you retire and would like to have $75.000 annually on which to live your first withdrawal will be made ever after you retire and you anticipate that your retirement account will earn 1246 annually What amount do you need in your retirement account the day you are? Do not round intermediate calculations. Round your answer to the nearest cent A day you retire? Do not found intermediate calculations. Round your answer to the nearest cont Ask me anything o a 2:24 PM