Question
Compute the present values of the following annuities first assuming that payments are made on the last day of the period and then assuming payments
Compute the present values of the following annuities first assuming that payments are made on the last day of the period and then assuming payments are made on the first day of the period:(Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))
Payment Years Interest Rate PV PV
Pymt made on last day of period Pymt made on first day of period
868.09 7 13% ______________ _____________
9,868.26 13 6% ______________ _____________
22,222.93 23 4% ______________ _____________
71,612.54 4 31% ______________ _____________
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