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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.
A) $500 per year for 12 years at 12%. $
B) $250 per year for 6 years at 6%. $
C) $1,000 per year for 16 years at 0%. $
Rework previous parts assuming they are annuities due.
D) Present value of $500 per year for 12 years at 12%: $
E) Present value of $250 per year for 6 years at 6%: $
F) Present value of $1,000 per year for 16 years at 0%: $
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