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Present value of an annuity Find the present values of these ordinary annuities. Discounting occurs...

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Finance

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.

  1. $300 per year for 10 years at 4%.

    $

  2. $150 per year for 5 years at 2%.

    $

  3. $200 per year for 12 years at 0%.

    $

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

  4. $300 per year for 10 years at 4%.

    $

  5. $150 per year for 5 years at 2%.

    $

  6. $200 per year for 12 years at 0%.

    $

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