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. $200 per year for 12 years at 14%. $ $100 per year for 6 years at 7%. $
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. $200 per year for 12 years at 14%. $ $100 per year for 6 years at 7%. $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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.
-
$200 per year for 12 years at 14%.
$
-
$100 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 $200 per year for 12 years at 14%: $
Present value of $100 per year for 6 years at 7%: $
Present value of $500 per year for 6 years at 0%: $
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