Find the present values of these ordinary annuities

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Reference no: EM131595331

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 6%.

$300 per year for 8 years at 3%.

$400 per year for 2 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 6%.

$300 per year for 8 years at 3%.

$400 per year for 2 years at 0%.

Reference no: EM131595331

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