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What is the present value of the following annuities? a. $2,500 a year for 10 years discounted back to the present at 7 percent. b.

What is the present value of the following annuities?

a. $2,500 a year for 10 years discounted back to the present at 7 percent.

b. $70 a year for 3 years discounted back to the present at 3 percent.

c.$280 a year for 7 years discounted back to the present at 6 percent.

d. $500 a year for 10 years discounted back to the present at 10 percent.

(round to the nearest cent)

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