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.
$900 per year for 12 years at 14%.
$
$450 per year for 6 years at 7%.
$
$600 per year for 12 years at 0%.
$
Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent.
$900 per year for 12 years at 14%.
$
$450 per year for 6 years at 7%.
$
$600 per year for 12 years at 0%.
$