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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.
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.
$200 per year for 16 years at 4%. $
$100 per year for 8 years at 2%. $
$1,000 per year for 8 years at 0%. $
Rework previous parts assuming they are annuities due. Present value of $200 per year for 16 years at 4%: $
Present value of $100 per year for 8 years at 2%: $
Present value of $1,000 per year for 8 years at 0%: $
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