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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. $400 per year for 16 years at 8%.
b. $200 per year for 8 years at 4%.
c. $1,000 per year for 8 years at 0%.
Rework previous parts assuming they are annuities due.
Present value of $400 per year for 16 years at 8%:
Present value of $200 per year for 8 years at 4%:
Present value of $1,000 per year for 8 years at 0%:
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