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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 cent.

image text in transcribed 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. $1,000 per year for 10 years at 16%. $ b. $500 per year for 5 years at 8%. $ c. $900 per year for 5 years at 0%. $ d. Rework previous parts assuming they are annuities due. Present value of $1,000 per year for 10 years at 16% : $ Present value of $500 per year for 5 years at 8% : $ Present value of $900 per year for 5 years at 0% : $

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