Question
Find the present values of these ordinary annuities . Discounting occurs once a year. Do not round intermediate calculations. Round your answers to the nearest
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. $900 per year for 10 years at 10%. $______________
B. $450 per year for 5 years at 5%. $______________
C. $500 per year for 16 years at 0%. $______________
D. Rework previous parts assuming they are annuities due.
Present value of $900 per year for 10 years at 10%: $ ____________
Present value of $450 per year for 5 years at 5%: $ ____________
Present value of $500 per year for 16 years at 0%: $ ____________
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started