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Future and present value of an annuity Find the future and present value of a 5 -year ordinary annuity paying $100.00 per year at each of the following interest rates: a. 20% b. 10% c. 1% d. 0.1% a. The future value of a 5 -year ordinary annuity paying $100.00 per year at an annual interest rate of 20% is $ (Round to the nearest cent.) The present value of a 5-year ordinary annuity paying $100.00 per year at an annual interest rate of 20% is $. (Round to the nearest cent.) b. The future value of a 5-year ordinary annuity paying $100.00 per year at an annual interest rate of 10% is ? . (Round to the nearest cent.) The present value of a 5-year ordinary annuity paying $100.00 per year at an annual interest rate of 10% is $ (Round to the nearest cent.) c. The future value of a 5 -year ordinary annuity paying $100.00 per year at an annual interest rate of 1% is $. (Round to the nearest cent.) The present value of a 5 -year ordinary annuity paying $100.00 per year at an annual interest rate of 1% is $[ (Round to the nearest cent.) d. The future value of a 5 -year ordinary annuity paying $100.00 per year at an annual interest rate of 0.1% is 9 (Round to the nearest cent.) The present value of a 5 -year ordinary annuity paying $100.00 per year at an annual interest rate of 0.1% is $ (Round to the nearest cent.) e. Which of the following statements is true? (Select the best choice below.) A. When the interest rate approaches 0%, both the future value and present value of an ordinary annuity increases. B. When the interest rate approaches 0%, both the future value and present value of an ordinary annuity decreases. D. When the interest rate approaches 0%, the future value of an ordinary annuity increases while the present value decreases

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