I need help with Ordinary Annuity and Interest rate Please.?

Reread your textbook. The PRESENT value of the annuity is what you would pay NOW for the annuity that pays $10,000 per period for 28 periods (7 years x 4 quarters per year) at 1% (4% annual rate / 4 quarters). The FUTURE value is what the annuity would pay YOU in 7 years if you put in $10,000 per quarter. You will NEVER pay at the END of the annuity.