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. $400 per year for 14 years at 8%. $ b. $200 per year for 7 years at 4%. $ c. $900 per year for 7 years at 0%.

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. $400 per year for 14 years at 8%. $ b. $200 per year for 7 years at 4%. $ c. $900 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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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. $400 per year for 14 years at 8%.
$
b. $200 per year for 7 years at 4%.
$
c. $900 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 8%: $
Present value of $200 per year for 7 years at 4%: $
Present value of $900 per year for 7 years at 0%: $

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