Question: 1. Compute: (show your work) a. Compute the present values of the following ordinary annuities. Payment Years Interest Rate Present Value $678.09 7 13% $7,968.26

1. Compute: (show your work)

a. Compute the present values of the following ordinary annuities.

Payment Years Interest Rate Present Value
$678.09 7 13%
$7,968.26 13 6%
$20,322.93 23 4%

b. Compute the future values of the following ordinary annuities.

Payment Years Interest Rate Future Value
$123 13 13%
$4,555 8 8%
$74,484 5 10%

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