Check figures for odd-numbered problems in Appendix B. Name Date DRILL PROBLEMS Complete the ordinary annuities for the following using tables in the Business Math Handbook: LU 13-1(2) Amount of Payment Interest Value of payment payable Years rate annuity 13-1. $5,000 Annually 11 4% Complete the following using Table 13.2 or the Business Math Handbook for the present value of an ordinary annuity: LU 13-2(1) Amount of Present value (amount annuity Interest needed now to invest n. All rights reserved. expected Payment Time rate to receive annuity) 13-5. $900 Annually 4 years 6%WORD PROBLEMS (Use Tables in the Business Math Handbook) acel 13-11. John Regan, an employee at Home Depot, made deposits of $800 at the end of each year for 4 years. Interest is 4% compounded annually. What is the value of Regan's annuity at the end of 4 years? LU [3-1(2) g 13-15. You decide to reduce the amount you spend eating out by $150 a month and invest the total saved at "k the end of each year in your retirement account, How much will the account be worth at 5% in 15 years? LU 13-1(2) My Money 13-21. At the beginning of each period for 10 years, Merl Agnes invests $500 semiannually at 6%. What is the cash value of this annuity due at the end of year 10? LU 13-1(2) 13-22