Ordinary annuity that pays $1,000 at the end of each of the next 5 years if the interest rate is 15%. Inputs: PMT = $1,000 N = 5 I/YR = 15% PV = $3,352.16 FV= $6,742.38 How would the PV and FV of the...

Ordinary annuity that pays $1,000 at the end of each of the next 5 years if the interest rate is 15%.




Inputs: PMT = $1,000

N = 5

I/YR = 15%



PV = $3,352.16



FV= $6,742.38





How would the PV and FV of the above annuity change if it were an annuity due rather than an ordinary annuity?







PV annuity due = ?


Exactly the same adjustment is made to find the FV of the annuity due.



FV annuity due = ?