Find the PV of an ordinary annuity that pays $1,000 at the end of each of the next 5 years if the interest rate is 15%. Then find the FV of that same annuity. Show Excel Wizard Formula Inputs: PMT =...

Find the PV of an ordinary annuity that pays $1,000 at the end of each of the next 5 years if the interest rate is 15%. Then find the FV of that same annuity. Show Excel Wizard Formula




Inputs: PMT = $1,000

N = 5

I/YR = 15%



PV: Use function wizard (PV) PV =



FV: Use function wizard (FV) FV =