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.
$600 per year for 16 years at 10%.
$
$300 per year for 8 years at 5%.
$
$200 per year for 8 years at 0%.
$
Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent.
$600 per year for 16 years at 10%.
$
$300 per year for 8 years at 5%.
$
$200 per year for 8 years at 0%.
$