Complete the ordinary annuities for the following using tables in the Business Math Handbook: LU 13- 1(2) Amount of payment 13-1. $5,000 13-2. $12,000 Payment payable Annually Redo Problem 13-1 as an annuity due: 13-3. Amount of payment Semiannually 13-4. $2,000 Years 11 Payment payable Annually Calculate the value of the following annuity due without a table. Check your results by Table 13.1 or the Business Math Handbook (they will be slightly off due to rounding): LU 13-1(2) Interest rate 4% Years 3 7% Value of annuity Interest rate 6%

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