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.

1a. Calculate the present value of an ordinary annuity of $4,000 received annually for 5 years, assuming a discount rate of 10%.

2a. Calculate the present value of $50,000 to be received in 15 years assuming an annual interest rate of 6%.

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