To solve these annuity-related problems, we'll use the Present Value (PV) and Future Value (FV) formulas depending on what's required. Given that the annuity payments, interest rate, and time are provided, we can find the missing values.

The Key Formulas:

1. Future Value of an Ordinary Annuity (FV): $FV = P \times \left(\frac{(1 + r)^n - 1}{r}\right)$ where:

   • $P$ is the annuity payment,
   • $r$ is the interest rate per period,
   • $n$ is the number of periods.

2. Present Value of an Ordinary Annuity (PV): $PV = P \times \left(\frac{1 - (1 + r)^{-n}}{r}\right)$

Given the dataTo solve these annuity-related problems, we'll use the Present Value (PV) and Future Value (FV) formulas depending on what's required. Given that the annuity payments, interest rate, and time are provided, we can find the missing values.

The Key Formulas:

1. Future Value of an Ordinary Annuity (FV): $FV = P \times \left(\frac{(1 + r)^n - 1}{r}\right)$ where:

   • $P$ is the annuity payment,
   • $r$ is the interest rate per period,
   • $n$ is the number of periods.

2. Present Value of an Ordinary Annuity (PV): $PV = P \times \left(\frac{1 - (1 + r)^{-n}}{r}\right)$

Given the

1. First Scenario:

• Number of Payments: 8
• Annual Interest Rate: 7%
• Future Value (FV): $0.00
• Annuity (P): To be calculated
• Present Value (PV): $23,000.00

We use the Present Value formula: $PV = P \times \left(\frac{1 - (1 + r)^{-n}}{r}\right)$ Rearranging to solve for $P$: $P = \frac{PV \times r}{1 - (1 + r)^{-n}}$

2. Second Scenario:

• Number of Payments: 24
• Annual Interest Rate: 3%
• Future Value (FV): $23,000.00
• Annuity (P): To be calculated
• Present Value (PV): $0.00

Here, we'll use the Future Value formula since the Present Value is zero: $FV = P \times \left(\frac{(1 + r)^n - 1}{r}\right)$ Rearranging to solve for $P$: $P = \frac{FV \times r}{(1 + r)^n - 1}$

3. Third Scenario:

• Number of Payments: 34
• Annual Interest Rate: 10%
• Future Value (FV): $180,000.00
• Annuity (P): To be calculated
• Present Value (PV): $0.00

Again, we'll use the Future Value formula: $P = \frac{FV \times r}{(1 + r)^n - 1}$

4. Fourth Scenario:

• Number of Payments: 14
• Annual Interest Rate: 4%
• Future Value (FV): $96,614.98
• Annuity (P): To be calculated
• Present Value (PV): $0.00

Again, we'll use the Future Value formula: $P = \frac{FV \times r}{(1 + r)^n - 1}$

Steps to Solve:

1. Convert the interest rates from percentages to decimals.
2. Plug in the values into the respective formulas.
3. Solve for the annuity payment $P$ in each case.

Would you like me to calculate the annuity payments for each of these scenarios?