Question

Find the present values of these ordinary annuities. Discounting occurs once a year. Round your answers to the nearest cent.

$400 per year for 14 years at 6%.

$

$200 per year for 7 years at 3%.

$ $

600 per year for 4 years at 0%.

$

Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent.

$400 per year for 14 years at 6%.

$

$200 per year for 7 years at 3%.

$

$600 per year for 4 years at 0%.

$

Answer 1