Questions bh2ff16h.Ch05.13m 6. 7. 8 When calculating the future value (FV) of an ordinary annuity, the factor used for the present value (PV) is a. the interest rate times the monthly payment. b. the base amount of the annuity. CO. d. equal to the monthly payment. e the monthly payment divided by the number of periods (N). Stomit As Check My W