Find the present values of these ordinary annuities

Reference no: EM13287734

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.

a. $400 per year for 14 years at 12%.

b. $200 per year for 7 years at 6%.

c. $700 per year for 4 years at 0%.

Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent.

d. $400 per year for 14 years at 12%.

e. $200 per year for 7 years at 6%.

f. $700 per year for 4 years at 0%.

Reference no: EM13287734

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