nd the present values of these ordinary annuities. iscounting occurs once a year. Do not round intermediate alculations. Round your answers to the nearest cent. $300 er year for 14 years at 8%. $ $150 per year for 7 years at %. $ $1,000 per year for 7 years at 0%. $ Rework previous arts assuming they are annuities due. Present value of 300 per year for 14 years at 8%: $ Present value of $150 106.

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
Section: Chapter Questions
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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. $300
per year for 14 years at 8%. $ $150 per year for 7 years at
4%. $ $1,000 per year for 7 years at 0%. $ Rework previous
parts assuming they are annuities due. Present value of
$300 per year for 14 years at 8%: $ Present value of $150
per year for 7 years at 4%: $
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. $300 per year for 14 years at 8%. $ $150 per year for 7 years at 4%. $ $1,000 per year for 7 years at 0%. $ Rework previous parts assuming they are annuities due. Present value of $300 per year for 14 years at 8%: $ Present value of $150 per year for 7 years at 4%: $
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