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Suppose you are going to receive $15,000 per year for 10 years. The appropriate interest rate is 11 percent. a. What is the present value

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Suppose you are going to receive $15,000 per year for 10 years. The appropriate interest rate is 11 percent. a. What is the present value of the payments if they are in the form of an ordinary annuity? b. What is the present value if the payments are an annuity due? c. Suppose you plan to invest the payments for 10 years. What is the future value at the end of Year 10 if the payments are an ordinary annuity? d. Suppose you plan to invest the payments for 10 years. What is the future value at the end of Year 10 if the payments are an annuity due

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