Score: 0 of 10 pts 1 of 12 (0 complete) H P6-1 (similar to) (Future value of an ordinary annuity) What is the future value of $500 per year for 10 years compounded annually at 11 percent? The future value of $500 per year for 10 years compounded annually at 11 percent is $. (Round to the nearest cent.) Score: 0 of 10 pts 2 of 12 (0 complete) HW Score: 0%, 0 of 120 P6-2 (similar to) Question Help (Related to Checkpoint 6.2) (Present value of an ordinary annuity) What is the present value of $2,000 per year for 10 years discounted back to the present at 10 percent? The present value of $2,000 per year for 10 years discounted back to the present at 10 percent is $]. (Round to the nearest cent.) Score: 0 of 10 pts 3 of 12 (0 complete HW Score: 0%, 0 of 120 pts P6-5 (similar to) Question Help (Related to Checkpoint 6.1) (Annuity payments) Mr. Bill S. Preston, Esq. purchased a new house for $140,000. He paid $30,000 upfront and agreed to pay the rest over the next 10 years in 10 equal annual payments that include principal payments plus 12 percent compound interest on the unpaid balance. What will these equal payments be? a. Mr. Bill S. Proston, Esq., purchased a new house for S140,000 and paid $30,000 upfront. How much does he need to borrow to purchase the house? (Round to the nearest dollar) Score: 0 of 10 pts 4 of 12 (0 complete) HW Score: 0%, 0 of 120 pts P6-7 (similar to) Question Help (Annuity payments) To pay for your education, you've taken out $28.000 in student loans. If you make monthly payments over 14 years at 9 percent compounded monthly, how much are your monthly student loan payments? The monthly payment of your student loan is S. (Round to the nearest cent.)