OU 1 FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign in Calon - 11 Paste - A A % Alignment Number Conditional Formatas Cell Formatting Table Styles G Styles Cells Editing Clipboard Font A3 B D F G H 1 Suppose you are going to receive $15,800 per year for five years. The appropriate interest rate is 7.9 percent. a. What is the present value of the payments if they are in the form of an ordinary annuity? What is the present value if the payments are an annuity duo? b. Suppose you plan to invest the payments for five years. What is the future value if the payments are an ordinary annuity? What if the payments are an annuity due? 5 6 7 Annual payment # of years Interest rato 15,800 5 7.9% 8 9 10 11 12 13 Complete the following analysis. Do not hard code values in your calculations. All answers should be positive. a. PV of ordinary annuity PV of annuity due 14 15 16 12 b. FV of ordinary annuity 15