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.
$300 per year for 16 years at 14%. $
$150 per year for 8 years at 7%. $
$500 per year for 10 years at 0%. $
Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent.
$300 per year for 16 years at 14%. $
$150 per year for 8 years at 7%. $
$500 per year for 10 years at 0%. $