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P5-20 Present value of an annuity Consider the following cases. Assuming it is: (a) an ordinary annuity (b) an annuity due Case Annuity payment Interest

P5-20 Present value of an annuity Consider the following cases. Assuming it is: (a) an ordinary annuity (b) an annuity due Case Annuity payment Interest rate Annuity length (years) A 7% 3 B 12 15 $ 12,000 55,000 700 140,000 22,500 20 9 D S E 7 10 5

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