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Present value of an annuity Find the present values of these ordinary annuities. Discounting occurs once a year. Round your answers to the nearest cent.
Present value of an annuity
Find the present values of these ordinary annuities. Discounting occurs once a year. Round your answers to the nearest cent.
$600 per year for 12 years at 10%.
$300 per year for 6 years at 5%.
$1,000 per year for 8 years at 0%.
Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent.
$600 per year for 12 years at 10%.
$300 per year for 6 years at 5%.
$1,000 per year for 8 years at 0%.
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