# Suppose you are going to receive \$10,000 per year for five years. The appropriate interest rate is 11 percent. Requirement 1:

Suppose you are going to receive \$10,000 per year for five years. The appropriate interest rate is 11 percent.Requirement 1: (a) What is the present value of the payments if they are in the form of an ordinary annuity? Round your answer to 2 decimal places. (e.g., 32.16))(b) What is the present value if the payments are an annuity due? Round your answer to 2 decimal places.Requirement 2: (a) Suppose you plan to invest the payments for five years, what is the future value if the payments are an ordinary annuity? Round your answer to 2 decimal places. (e.g., 32.16))(b) Suppose you plan to invest the payments for five years, what is the future value if the payments are an annuity due? Round your answer to 2 decimal places. (e.g., 32.16))

Suppose you are going to receive \$10,000 per year for five years. The appropriate interest rate is 11 percent.Requirement 1:(a) What is the present value of the payments if they are in the form…

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