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.
$900 per year for 14 years at 12%.
$
$450 per year for 7 years at 6%.
$
$400 per year for 6 years at 0%.
$
Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent.
$900 per year for 14 years at 12%.
$
$450 per year for 7 years at 6%.
$
$400 per year for 6 years at 0%.
$