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16. Problem 5.15 (Present Value of an Annuity) eBook Find the present values of these ordinary annuities. Discounting occurs once a year. Do not round

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16. Problem 5.15 (Present Value of an Annuity) eBook 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. a. $800 per year for 16 years at 12%. $ b. $400 per year for 8 years at 6%. c. $700 per year for 8 years at 0%. $ d. Rework previous parts assuming they are annuities due. Present value of $800 per year for 16 years at 12%: $ Present value of $400 per year for 8 years at 6%: $ Present value of $700 per year for 8 years at 0%: $

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