1. What would the FV and the PV for parts a and c be if the interest rate were 10% with semiannual compounding rather than 10% with annual compounding?
2. How would the PV and FV of the above annuity change if it were an annuity due rather than an ordinary annuity?
3. Find the FV of $1,000 invested to earn 10% annually 5 years from now.