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.

$500 per year for 10 years at 8%.

$

$250 per year for 5 years at 4%.

$

$500 per year for 5 years at 0%.

$

Rework previous parts assuming they are annuities due.

Present value of $500 per year for 10 years at 8%: $

Present value of $250 per year for 5 years at 4%: $

Present value of $500 per year for 5 years at 0%: $