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Part $1$

Future and present value of an annuity$$ Find the future and present value of a $15-$year ordinary annuity paying $$$$300\mathrm{.}00$ per year at each of the following interest$$ rates:

a$.20\%$

b$.10\%$

c$.1\%$

d$.0\mathrm{.}1\%$

e$.$What is the general principle that you see when you compare your answers$$ here? What value are both the present value and future value getting close to as you move from part a to part d$?$