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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.
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$400 per year for 14 years at 10%.
$ __________
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$200 per year for 7 years at 5%.
$ ___________
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$300 per year for 7 years at 0%.
$ __________
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Rework previous parts assuming they are annuities due.
Present value of $400 per year for 14 years at 10%: $ _________
Present value of $200 per year for 7 years at 5%: $ _________
Present value of $300 per year for 7 years at 0%: $ _________
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