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.
$200 per year for 12 years at 4%.
$
$100 per year for 6 years at 2%.
$
$300 per year for 16 years at 0%.
$
Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent.
$200 per year for 12 years at 4%.
$
$100 per year for 6 years at 2%.
$
$300 per year for 16 years at 0%.
$