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For each of the following annuities, calculate the present value. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
For each of the following annuities, calculate the present value. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Present Value | Annuity Payment | Years | Interest Rate | |||||||||||
$ | $ | 2,400 | 7 | 5 | % | |||||||||
1,400 | 9 | 4 | ||||||||||||
12,580 | 17 | 6 | ||||||||||||
32,150 | 23 | 8 | ||||||||||||
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