Question: Complete the ordinary annuity. (Please use the following provided Table) (Do not round intermediate calculations. Round your answer to the nearest cent.) Amount of payment


Complete the ordinary annuity. (Please use the following provided Table) (Do not round intermediate calculations. Round your answer to the nearest cent.) Amount of payment Payment payable $ 13,000 Semiannually Years Interest rate Value of annuity 6 % 9 Complete the ordinary annuity as an annuity due (future value) for the following: (Please use the following provided Table) (Do not round intermediate calculations. Round your answer to the nearest cent.) Amount of payment 4,700 Years Payment payable Annually Annuity due Interest rato 5 6% Jim Ryan, an owner of a Burger King restaurant, assumes that his restaurant will need a new roof in 5 years. He estimates the roof will cost him $9,700 at that time. What amount should Jim invest today at 4% compounded quarterly to be able to pay for the roof? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Amount to be invested
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