Present Value of an Annuity

Find the present value of the following ordinary annuities

a. $400 per year for 10 years at 10% i. $2,457.83.

b. $200 per year for 5 years at 5% i. $865.90.

c. $400 per year for 5 years at 0% i. $2,000.00.

d. Now rework parts a, b, and c assuming that payments are made at the beginning of each year; that is, they are annuities due. (1) $2,703.61. (2) $909.19. (3) $2,000.00.