• Remember to explain all your steps and to show all formulas you use before you put

  numbers into the equations. o First, write the formula o Second, substitute the numbers into the formulao Third, say what is left to compute o Fourth, compute

Question 5 Compute: (5.1) Compute the present values of the following ordinary annuities Present Value Years 7 $ Payment 678.09 7,968.26 20,322.93 Interest Rate 13% 6 13 23 (5.2) Compute the future values of the following ordinary annuities Years Future Value $ Payment 123 4,555 74,484 13 8 Interest Rate 13% 8 1 0 5