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Problem 5-15 Present value of an annuity Find the present values of these ordinary annuities . Discounting occurs once a year. Round your answers to

Problem 5-15 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.

  1. $400 per year for 10 years at 6%.

    $

  2. $200 per year for 5 years at 3%.

    $

  3. $800 per year for 4 years at 0%.

    $

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