Find the present values of these ordinary annuities. Discounting occurs once a year. Do not round intermediate calculati
Posted: Sun Jun 05, 2022 10:22 am
Find the present values of
these ordinary annuities. Discounting occurs once a
year. Do not round intermediate calculations. Round your answers to
the nearest cent.
$700 per year for 12 years at 14%.
$350 per year for 6 years at 7%.
$500 per year for 6 years at 0%.
Rework previous parts assuming they are annuities
due.
Present value of $700 per year for 12 years at 14%:
Present value of $350 per year for 6 years at 7%:
Present value of $500 per year for 6 years at 0%:
these ordinary annuities. Discounting occurs once a
year. Do not round intermediate calculations. Round your answers to
the nearest cent.
$700 per year for 12 years at 14%.
$350 per year for 6 years at 7%.
$500 per year for 6 years at 0%.
Rework previous parts assuming they are annuities
due.
Present value of $700 per year for 12 years at 14%:
Present value of $350 per year for 6 years at 7%:
Present value of $500 per year for 6 years at 0%: