Years of annuities and bonds Raymond Abdul wants to know the future value of an ordinary annuity with a cash inflow of $10,000 in each of the next 6 years. Earn 15% per year on your investment. Determine the future value. Find the price of a bond that pays a 5% annual coupon, semi-annually and has an expiry time of 5 years. At the moment the market interest rate (YTM yield to maturity, expected return) is 3% APR per year (annual, capitalized semi-annual)