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Chapter 6 Q10,Suppose you are going to receive $10,000 per year for five years. The appropriate interest rate is 11 percent., ,Requirement 1: ,(a) What is the present value of the payments if they are in the form of an ordinary annuity? ,(Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16)),Present value of an ordinary annuity $_____. ,,,(b) What is the present value if the payments are an annuity due? ,(Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16)),Present value of an annuity due $______. , ,Requirement 2: ,(a) Suppose you plan to invest the payments for five years, what is the future value if the payments are an ordinary annuity? ,(Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16)),Future value of an ordinary annuity $______. , ,,(b) Suppose you plan to invest the payments for five years, what is the future value if the payments are an annuity due? ,(Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16)),Future value of an annuity due $______. ,

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