What is the present value of an ordinary annuity with annual payments of $640 at 8% annual interest for 25 years?(The present value of an ordinary annuity) please review the attached. Note the 8% column is highlighted straight down in both attachments.

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 20E
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What is the present value of an ordinary annuity with annual payments of $640 at 8% annual interest for 25 years?(The present value of an ordinary annuity)
please review the attached. Note the 8% column is highlighted straight down in both attachments. 

Present Value of a $1.00 Ordinary Annuity
Rate per period
Periods 2%
3%
4%
5%
6%
7%
8%
9%
10%
1
0.980 0.971 0.962
0.952 0.943 0.935 0.926 0.917 0.909
1.942 1.913 1.886 1.859 1.833 1.808 1.783 1.759 1.736
2.884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487
3.808 3.717 3.630 3.546 3.465 3.240 3.170
3.890 3.791
3
4.
3.387 3312
4.713 4.580 4.452 4.329 4.212 4.100 3993
5.601 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355
5.
6.472 6.230 6.002 5.786 5.582 5.389 5 206 5.033 4.868
7.325 7.020 6.733 6.463 6.210 59715747 5.535 5 335
7.
8.
6.
8.162 7.786 7.435 7.108 6.802 6.515 6.247 5.995 5.759
10
8.983 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145
9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495
10.575 9.954 9.385 8.863 8.384 7.943 7,536 7.161 6.814
11
12
11.348 10.635 9986 9.394 8.853 8.358 7904 7.487 7.103
7 367
13
14
12 106 1109A 10 AAR G 200
9205 87A5 8244 7786
Print
Done
Transcribed Image Text:Present Value of a $1.00 Ordinary Annuity Rate per period Periods 2% 3% 4% 5% 6% 7% 8% 9% 10% 1 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 1.942 1.913 1.886 1.859 1.833 1.808 1.783 1.759 1.736 2.884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 3.808 3.717 3.630 3.546 3.465 3.240 3.170 3.890 3.791 3 4. 3.387 3312 4.713 4.580 4.452 4.329 4.212 4.100 3993 5.601 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355 5. 6.472 6.230 6.002 5.786 5.582 5.389 5 206 5.033 4.868 7.325 7.020 6.733 6.463 6.210 59715747 5.535 5 335 7. 8. 6. 8.162 7.786 7.435 7.108 6.802 6.515 6.247 5.995 5.759 10 8.983 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495 10.575 9.954 9.385 8.863 8.384 7.943 7,536 7.161 6.814 11 12 11.348 10.635 9986 9.394 8.853 8.358 7904 7.487 7.103 7 367 13 14 12 106 1109A 10 AAR G 200 9205 87A5 8244 7786 Print Done
4.713 4.580 4.452 4.329 4.212 4.100 3 993 3.890 3.791
5.601
5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355
6.
6.472 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4.868
7.325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335
8.162 7.786 7.435 7.108 6.802 6.515 6.247 5.995 5.759
8.
6.
10
8.983 8.530
9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495
8.111 7.722 7.360 7.024 6.710 6.418 6.145
11
12
13
10.575 9.954 9.385 8.863 8.384 7.943 7.536 7.161 6.814
11.348 10.635 9.986 9.394 8.853 8.358 7.904 7.487 7.103
14
12.106 11.296 10,563 9.899 9.295 8.745 8.244 7.786 7.367
15
12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.606
16
13.578 12.561 11.652 10.838 10.106 9.447 8851 8.313 7.824
17
14.292 13.166 12.166 11.274 10.477 9.763 9 122 8 544 8.022
18
14.992 13.754 12.659 11.690 10 828 10.059 9.372 8 756 8.201
19
15.678 14.324 13.134 12.085 11.158 10336 9.604 8.950 8.365
20
16.351 14.877 13.590 12.462 11.470 10 594 9.818 9.129 8.514
25
19.523 17.413 15.622 14.094 12.783 11.654 10 675 9.823 9.077
30
22.306 1GA00 17 202 15 372 13 76610 A00 1 268.10.274 0 127
Transcribed Image Text:4.713 4.580 4.452 4.329 4.212 4.100 3 993 3.890 3.791 5.601 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355 6. 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4.868 7.325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 8.162 7.786 7.435 7.108 6.802 6.515 6.247 5.995 5.759 8. 6. 10 8.983 8.530 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495 8.111 7.722 7.360 7.024 6.710 6.418 6.145 11 12 13 10.575 9.954 9.385 8.863 8.384 7.943 7.536 7.161 6.814 11.348 10.635 9.986 9.394 8.853 8.358 7.904 7.487 7.103 14 12.106 11.296 10,563 9.899 9.295 8.745 8.244 7.786 7.367 15 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.606 16 13.578 12.561 11.652 10.838 10.106 9.447 8851 8.313 7.824 17 14.292 13.166 12.166 11.274 10.477 9.763 9 122 8 544 8.022 18 14.992 13.754 12.659 11.690 10 828 10.059 9.372 8 756 8.201 19 15.678 14.324 13.134 12.085 11.158 10336 9.604 8.950 8.365 20 16.351 14.877 13.590 12.462 11.470 10 594 9.818 9.129 8.514 25 19.523 17.413 15.622 14.094 12.783 11.654 10 675 9.823 9.077 30 22.306 1GA00 17 202 15 372 13 76610 A00 1 268.10.274 0 127
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