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.

$200 per year for 12 years at 4%.

$

$100 per year for 6 years at 2%.

$

$300 per year for 16 years at 0%.

$

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

$200 per year for 12 years at 4%.

$

$100 per year for 6 years at 2%.

$

$300 per year for 16 years at 0%.

$