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.

$300 per year for 14 years at 8%.

$

$150 per year for 7 years at 4%.

$

$1,000 per year for 2 years at 0%.

$

Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent.

$300 per year for 14 years at 8%.

$

$150 per year for 7 years at 4%.

$

$1,000 per year for 2 years at 0%.

$