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Present value of an annuity

Find the present values of these ordinary annuities. Discounting occurs once a year. Round your answers to the nearest cent.

$900 per year for 12 years at 14%.

$

$450 per year for 6 years at 7%.

$

$600 per year for 12 years at 0%.

$

Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent.

$900 per year for 12 years at 14%.

$

$450 per year for 6 years at 7%.

$

$600 per year for 12 years at 0%.

$

Financial Management, Finance

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