Present value of annuity
Present value of annuity
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Compute the present values of the following annuities, first assuming that payments are made on the last day of the period, and then assuming payments are made on the first day of the period:Pmt: 738.09, 9-year annuity, Annual Interest Rate: 15%Pmt:8,568.26, 15-year annuity, Annual Interest Rate: 8%Pmt: 20,922.93, 25-year annuity, Annual Interest Rate: 6%Pmt:70,312.54, 6-year annuity, Annual Interest Rate: 33%I understand how to calculate the present value (PV) for payments made on the last day,
Compute the present values of the following annuities, first assumin…
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