Find the present value of the following ordinary annuities. a. $400 per year for 10 years at

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Find the present value of the following ordinary annuities.

a. $400 per year for 10 years at 10%
b. $200 per year for 5 years at 5%
c. $400 per year for 5 years at 0%
d. Now rework parts a, b, and c assuming that payments are made at the beginningof each year; that is, they are annuities due.

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Financial management theory and practice

ISBN: 978-1439078099

13th edition

Authors: Eugene F. Brigham and Michael C. Ehrhardt

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Question Posted: Nov 04, 2023 08:10 AM

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Find the present value of the following ordinary annuities. a. $400 per year for 10 years at

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a The present value of an ordinary annuity is given by the formula PV PMT 1 1 rn ...View the full answer

Financial management theory and practice

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