Identify the cash value of the following ordinary annuities Use the formula P=R [1-(1+j) -n ]/j 1. The buyer of a lot pays 50,000 and 10,000 every month for 10 years and is worth 8% compounded...

Identify the cash value of the following ordinary annuities

Use the formula P=R [1-(1+j)^-n]/j

1. The buyer of a lot pays 50,000 and 10,000 every month for 10 years and is worth 8% compounded monthly.

2. Brian paid 135,000 as a down payment for a car and will pay 18,000 every month that is worth 9% compounded monthly for 4 years.