Question: Hey! please I need your help with this questions I have the last chance to get the points. Thanks in advance Find the present values
Hey! please I need your help with this questions I have the last chance to get the points. Thanks in advance
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. $1,000 per year for 16 years at 6%. b. $500 per year for 8 years at 3%. c. $800 per year for 4 years at 0%. $ d. Rework previous parts assuming they are annuities due. Present value of $1,000 per year for 16 years at 6%:$ Present value of $500 per year for 8 years at 3%: $ Present value of $800 per year for 4 years at 0%: $
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
