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. $400 per year for 10 years at 4%. $ $200 per year for 5 years at 2%. $ $300 per year for 6 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. $400 per year for 10 years at 4%. $ $200 per year for 5 years at 2%. $ $300 per year for 6 years at 0%. $

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 37P

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Question

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.

$400 per year for 10 years at 4%.

$
$200 per year for 5 years at 2%.

$
$300 per year for 6 years at 0%.

$
Rework previous parts assuming they are annuities due.

Present value of $400 per year for 10 years at 4%: $

Present value of $200 per year for 5 years at 2%: $

Present value of $300 per year for 6 years at 0%: $

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