Suppose you are going to receive $13,500 per year for five years. The appropriate interest rate...

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Suppose you are going to receive $13,500 per year for fiveyears. The appropriate interest rate is 8 percent.
a-1. What is the present value of the payments if they are inthe form of an ordinary annuity? (Do not round intermediatecalculations and round your answer to 2 decimal places, e.g.,32.16.)
a-2. What is the present value of the payments if the paymentsare an annuity due? (Do not round intermediate calculations andround your answer to 2 decimal places, e.g., 32.16.)
b-1. Suppose you plan to invest the payments for five years.What is the future value if the payments are an ordinary annuity?(Do not round intermediate calculations and round your answer to 2decimal places, e.g., 32.16.)
b-2. What is the future value if the payments are an annuitydue? (Do not round intermediate calculations and round your answerto 2 decimal places, e.g., 32.16.)
c-1. Which has the higher present value, the ordinary annuity orannuity due?
c-2. Which has the higher future value?

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Answer a Annual payment 13500 Time period 5 years Interest rate 8 Present value of ordinary annuity 13500108 135001082 135001083 135001084 135001085 Present value of ordinary annuity 13500 1 11085 008 Present See Answer

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Suppose you are going to receive $13,500 per year for fiveyears. The appropriate interest rate is 8 percent.a-1. What is the present value of the payments if they are inthe form of an ordinary annuity? (Do not round intermediatecalculations and round your answer to 2 decimal places, e.g.,32.16.)a-2. What is the present value of the payments if the paymentsare an annuity due? (Do not round intermediate calculations andround your answer to 2 decimal places, e.g., 32.16.)b-1. Suppose you plan to invest the payments for five years.What is the future value if the payments are an ordinary annuity?(Do not round intermediate calculations and round your answer to 2decimal places, e.g., 32.16.)b-2. What is the future value if the payments are an annuitydue? (Do not round intermediate calculations and round your answerto 2 decimal places, e.g., 32.16.)c-1. Which has the higher present value, the ordinary annuity orannuity due?c-2. Which has the higher future value?