Using the formula for present Value (PV)below, please show how to calculate the answers for problem 5 - please show all calculations!

5. Find the present value (PV) of the following ordinary annuities. Interest is calculated and paid once a year. (Draw a timeline to visualize each annuity.) a. $100 per year for 5 years at 10% b. $200 per year for 4 years at 5% c. $400 per year for 3 years at 0% What is the PV of a 3 -year $100 Ordinary Annuity if I=5% ? PV(O.A.)=? 1. PV(CF1)=CF1/(1+I)1=100/(1+5%)1=$95.24 2. PV(CF2)=CF2/(1+I)2=100/(1+5%)2=$90.70 3. PV(CF3)=CF3/(1+I)3=100/(1+5%)3=$86.38 4. PV( Ordinary Annuity )=PV(CF1)+PV(CF2)+PV(CF3)=$272.32 5. Find the present value (PV) of the following ordinary annuities. Interest is calculated and paid once a year. (Draw a timeline to visualize each annuity.) a. $100 per year for 5 years at 10% b. $200 per year for 4 years at 5% c. $400 per year for 3 years at 0% What is the PV of a 3 -year $100 Ordinary Annuity if I=5% ? PV(O.A.)=? 1. PV(CF1)=CF1/(1+I)1=100/(1+5%)1=$95.24 2. PV(CF2)=CF2/(1+I)2=100/(1+5%)2=$90.70 3. PV(CF3)=CF3/(1+I)3=100/(1+5%)3=$86.38 4. PV( Ordinary Annuity )=PV(CF1)+PV(CF2)+PV(CF3)=$272.32