Find the present values of these ordinary annuilties. Discounting occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent a. $400 per year for 14 years at 10%. $ b. $200 per year for 7 years at 5%. $ c. $500 per year for 7 years at 0%. $ d. Rework previous parts assuming they are annuities due. Present value of $400 per year for 14 years at 10%: $ Present value of $200 per year for 7 years at 5%: $ Present value of $500 per year for 7 years at 0%: $

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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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.
a. $400 per year for 14 years at 10%.
$
b. $200 per year for 7 years at 5%.
$
c. $500 per year for 7 years at 0%,
$
d. Rework previous parts assuming they are annuities due.
Present value of $400 per year for 14 years at 10%: $
Present value of $200 per year for 7 years at 5%: $
Present value of $500 per year for 7 years at 0%: $
Transcribed Image Text: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. a. $400 per year for 14 years at 10%. $ b. $200 per year for 7 years at 5%. $ c. $500 per year for 7 years at 0%, $ d. Rework previous parts assuming they are annuities due. Present value of $400 per year for 14 years at 10%: $ Present value of $200 per year for 7 years at 5%: $ Present value of $500 per year for 7 years at 0%: $
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