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Find the present values of these ordinary annuities. Discounting occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent.

1. $200 per year for 14 years at 8%.

   $

2. $100 per year for 7 years at 4%.

   $

3. $400 per year for 7 years at 0%.

   $

4. Rework previous parts assuming they are annuities due.

   Present value of $200 per year for 14 years at 8%: $

   Present value of $100 per year for 7 years at 4%: $

   Present value of $400 per year for 7 years at 0%: $

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1. Find the present values of the following cash flow streams at a 6% discount rate. Do not round intermediate calculations. Round your answers to the nearest cent.

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   Stream A	$0	$150	$400	$400	$400	$300
   Stream B	$0	$300	$400	$400	$400	$150

   Stream A: $

   Stream B: $

2. What are the PVs of the streams at a 0% discount rate? Round your answers to the nearest dollar.

   Stream A: $

   Stream B: $

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