8

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.

$1,000 per year for 14 years at 14%. $

$500 per year for 7 years at 7%.

$ $700 per year for 7 years at 0%.

$ Rework previous parts assuming they are annuities due.

Present value of $1,000 per year for 14 years at 14%: $

Present value of $500 per year for 7 years at 7%: $

Present value of $700 per year for 7 years at 0%: $