05: End-of-Chapter Problems-LPK-Time Value of Money ack to Assignment Attempta: Keep the Highest: /6 12. Problem 5.15 (Present Value of an Annuity) eBook 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 16 years at 14%. b. $200 per year for 8 years at 7%. c. $1,000 per year for 8 years at 0%. d. Rework previous parts assuming they are annuities due. Present value of $400 per year for 16 years at 14%:$ Present value of $200 per year for 8 years at 7%: $ Present value of $1,000 per year for 8 years at 0%:$