Fill in the missing present values in the following table for an ordinary annuity.   Number of Payments or Years Annual Interest Rate Future Value Annuity Present Value   5   8​%   0     ​$213.22   ​? 16   15​%   0   ​$3,317.78   ​? 29   4.5​%       0   ​$674.57   ​? 300   1​%   0   ​$2,538.86   ​?

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter11: Liabilities: Bonds Payable
Section: Chapter Questions
Problem 11E
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Present value of an ordinary
annuity.
Fill in the missing present values in the following table for an ordinary annuity.
 
Number of
Payments or
Years
Annual
Interest Rate
Future Value
Annuity
Present Value
 
5
 
8​%
 
0
   
​$213.22
 
​?
16
 
15​%
 
0
 
​$3,317.78
 
​?
29
 
4.5​%
 
    0
 
​$674.57
 
​?
300
 
1​%
 
0
 
​$2,538.86
 
​?
Number of
Payments or
Years
Annual
Interest Rate
Future Value
Annuity
Present Value
5
 
8​%
 
0
   
​$213.22
 
​$nothing  
​(Round to the nearest​ cent.)
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