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Suppose you are going to receive $15,000 per year for 7 years. The appropriate interest rate is 7 percent. a. What is the present value

Suppose you are going to receive $15,000 per year for 7 years. The appropriate interest rate is 7 percent.

What is the present value of the payments if they are in the form of an ordinary annuity?

Present value of an ordinary annuity Present value of an annuity due   c. Suppose you plan to invest the payments for 7 years, what is the future value if the payments are an ordinary annuity? 
 
  Future value of an ordinary annuity 

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