Application Using the worksheet supplied in the Key Question section, state what values were entered into the and show any of your calculations 1 Use the TVM Solver to calculate the present value of each of the following 15 Interest Rate(%) 8.4 Payment (5) 300 4 500 900 BOO 1 300 19 6.6 2 2.61 Frequency of Length of Compounding Annuity (years) Monthly 2 Quarterly 6 Semi-monthly 4 Biweekly 5 Weekly 9 15 2 Determine the present value of each annuity. Using the worksheet supplied in the Assignment section, state what values were entered into the TVM solver and show any of your calculations Payments of $75 for 10 years at 9.6 % per year compounded annually Payments of $240 for 15 years at 7.25 X per year compounded weekly Payments of $8 500 for 25 years at 6.3% per year compounded semi-monthly Payments of $50 for 45 years at 4.8% per year compounded biweekly. Payments of $975 for 3 years at 6.9 % per year compounded monthly 10 3. Determine the total interest for each annuity in question 2 10 Communication Your mark will be based on answering questions in complete sentences (with proper spelling and grammar) and using units in your calculations. Grade 12 College Preparation (MAPAC) Mathematics 2