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Can someone please help.. 8. Problem 5.15 (Present Value of an Annuity) Find the present values of these ordinary annuities. Discounting occurs once a year.
Can someone please help..
8. Problem 5.15 (Present Value of an Annuity) 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. $300 per year for 10 years at 4%. $ b. $150 per year for 5 years at 2%. c. $1,000 per year for 5 years at 0%. $ d. Rework previous parts assuming they are annuities due. Present value of $300 per year for 10 years at 4%:$ Present value of $150 per year for 5 years at 2% : $ Present value of $1,000 per year for 5 years at 0% : $Step by Step Solution
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