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. $800 per year for 16 years at 12%. $ b. $400 per year for 8 years at 6%. $ c. $500 per year for 8 years at 0%. $ d. Rework previous parts assuming they are annuities due. Present value of $800 per year for 16 years at 12%: $ Present value of $400 per year for 8 years at 6%: $ Present value of $500 per year for 8 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. $800 per year for 16 years at 12%.
$
b. $400 per year for
$
c. $500 per year for
$
years at 6%.
years at 0%.
d. Rework previous parts assuming they are annuities due.
Present value of $800 per year for 16 years at 12%: $
Present value of $400 per year for 8 years at 6%: $
Present value of $500 per year for 8 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. $800 per year for 16 years at 12%. $ b. $400 per year for $ c. $500 per year for $ years at 6%. years at 0%. d. Rework previous parts assuming they are annuities due. Present value of $800 per year for 16 years at 12%: $ Present value of $400 per year for 8 years at 6%: $ Present value of $500 per year for 8 years at 0%: $
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