Find the present values of these ordinary annuities. Discounting occurs once a year. Round your answers to the nearest cent.

$500 per year for 16 years at 16%.

$

$250 per year for 8 years at 8%.

$

$900 per year for 8 years at 0%.

$

Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent.

$500 per year for 16 years at 16%.

$

$250 per year for 8 years at 8%.

$

$900 per year for 8 years at 0%.

$

Click here to read the eBook: Future Values Click here to read the eBook: Present Values PRESENT AND FUTURE VALUES FOR DIFFERENT PERIODS Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $400 compounded for 1 year at 990. b. An initial $400 compounded for 2 years at 990 C. The present value of $400 due in 1 year at a discount rate of 9%. d. The present value of $400 due in 2 years at a discount rate of 9%