Question

Present value of an ordinary annuity. Fill in the missing present values in the following table...

Present value of an ordinary annuity. Fill in the missing present values in the following table for an ordinary​ annuity: LOADING... . Number of Payments or Years Annual Interest Rate Future Value Annuity Present Value 9 7​% 0     ​$235.49 ​$nothing  ​(Round to the nearest​ cent.)

Homework Answers

Answer #1

Calculating The Present Value of ordinary annuity using Excel Present Value formula:-

SO, the Present value of ordinary annuity is $1534.27

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