Find the present value of these ordinary annuities. Discounting occurs once a year. Round your answers to the nearest cent.
A) $800 per year for 10 years at 8%=
B) $400 per year for 5 years at 4%=
C) $500 per year for 14 years at 0%=
Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent .
D) $800 per year for 10 years at 8%=
E) $400 per year for 5 years at 4%=
F) $500 per year for 14 years at 0%=