Question: For each question please include the values for the time periods, the annual interest/discount rate, the payment amount, the Future Value, and the Present Value.

For each question please include the values for the time periods, the annual interest/discount rate, the payment amount, the Future Value, and the Present Value.

1. Calculate the future value of an ordinary annuity of $500 paid monthly for 15 years, assuming an annual earnings rate of 12%.

2. Calculate the number of months it will take $50,000 to grow to $5,000,000 assuming an annual interest rate of 9%, compounded monthly.

3. Calculate the annual payment that can be received over 30 years from a single investment of $1,000,000 earning 9% compounded annually.

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