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Short Question: 1. Present value of Annuity due is higher than present value of ordinary Annuity -explain with your own example. 2. Explain the following

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Short Question: 1. Present value of Annuity due is higher than present value of ordinary Annuity -explain with your own example. 2. Explain the following term a) Capital Market marks b) OTC market marks 3. John borrowed $50,000 from a bank at 12 percent semiannually compounded interest to be repaid in 5 years. Calculate the total interest paid in the 4th year

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