Problem 5-15

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.

A.) $400 per year for 12 years at 8%.

$___

B.) $200 per year for 6 years at 4%.

$ ___

$600 per year for 4 years at 0%.

$___

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

D.) $400 per year for 12 years at 8%.

$___

E.) $200 per year for 6 years at 4%.

$___

F.) $600 per year for 4 years at 0%.

$___