Question: Here is the given and answer. Can you show me how to calculate the answer? especially for ordinary annuity PV=250,000 i=6%, n=7 factor 0.66506. answer

Here is the given and answer. Can you show me how to calculate the answer? especially for ordinary annuity

PV=250,000 i=6%, n=7 factor 0.66506. answer is 166,265

ordinary annuity

PV 12,500 because (250,000 x 10%)/2

OA i=6%, n=7 factor 5.58238. answer is 69,780

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