Question: Remember to explain all your steps and to show all formulas you use before you put numbers into the equations. o First, write the formula

Remember to explain all your steps and to show all formulas

Remember to explain all your steps and to show all formulas you use before you put

numbers into the equations. o First, write the formula o Second, substitute the numbers into the formulao Third, say what is left to compute o Fourth, compute

Question 5 Compute: Present Value (5.1) Compute the present values of the following ordinary annuities Payment Years Interest Rate 678.09 7 13% 7,968.26 13 6 20,322.93 23 4 (5.2) Compute the future values of the following ordinary annuities Years Interest Rate 13% Future Value 13 Payment 123 4,555 74,484 8 - 8 5 10

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