An investment will pay $100 at the end of each of the next 3 years, $250 at the end of Year 4, $350 at the end of Year 5, and $550 at the end of Year 6. If other investments of equal risk earn 8% annually, what is its present value? Its future value? Do not round intermediate calculations. Round your answers to the nearest cent.

Present value: $

Future value: $

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

   $

2. $500 per year for 7 years at 7%.

   $

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

   $

4. 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 $400 per year for 7 years at 0%: $