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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.
$700 per year for 12 years at 6%. $ _____
$350 per year for 6 years at 3%. $ _____
$200 per year for 6 years at 0%. $_____
Rework previous parts assuming they are annuities due.
Present value of $700 per year for 12 years at 6%: $ ____
Present value of $350 per year for 6 years at 3%: $ ____
Present value of $200 per year for 6 years at 0%: $______
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