[Solved] This problem demonstrates the dependence of the present value of an annuity on the number of payments. Using 7% compounded annually as the discount rate, calculate the present value of an ordinary annuity paying $1,000 per year for: a) 5 years b) 10 years c) 20 years d) 30 years e) 100 years f) 1,000 years Observe that the present value increases with increasing n, but at a diminishing rate. In this case, the 970 payments from Year 30 to Year 1,000 cause the present value to increase by only about 15%. Communications Decency Act: A law enacted to regulate pornographic content on the internet, which also provides immunity to online platforms from liability for content posted by their users. Internet Service Providers: Companies or organizations that provide customers access to the Internet and related services. Defamatory Statements: False and harmful statements made about someone, which can damage their reputation. Settlement Agreement: A legally binding contract that resolves disputes between parties without going to trial.