Problem:
Find the present values of these ordinary annuities and annuities due. Discounting occurs once per year. Find Ordinary Annuities and Annuities Due for each
a. $460 per year for 10 years at 10.20%
b. $160 per year for 5 years at 5.50%
c. $460 per year for 5 years at .00%
Note: Please describe comprehensively and provide step by step solution.