Annuities Directions: Solve the following items. 1. Payments of 2,000 will occur at the beginning of each semi-annual for 18 years. Find the present value and future value of an annuity due if interest is at 12% compounded semiannually. 2. Solve for the present and future value of an ordinary annuity if payments of 5,000 are made every quarter for 10 years at 7% interest compounded quarterly.