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%: $
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%: $
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 11E
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