ࡱ> 8:7 @ 0bjbjPP ":: &&&:  $: 46 6 6 6 $Rp5&56 6 Jl6 &6 ,&6 p> `0l[jl::l&(55:: ":: PRESENT VALUE OF AN ANNUITY Find the present values of these ordinary annuities. Discounting occurs once a year a. $400 per year for 10 years at 10% 0 ADVANCE \r11 2 3 4 5 6 7 8 9 ADVANCE \r310  | | | | | | | | | | | PV = ? 400 400 400 400 400 400 400 400 400 400 With a financial calculator, simply enter the known values and then press the key for the unknown. Enter: N = 10, I = 10, PMT = -400, and FV = 0. PV = $2,457.83. b. $200 per year for 5 years at 5%  | | | | | | PV = ? 200 200 200 200 200 With a financial calculator, enter: N = 5, I = 5, PMT = -200, and FV = 0. PV = $865.90. c. $400 per year for 5 years at 0% 0 1 2 3 4 5  | | | | | | PV = ? 400 400 400 400 400 With a financial calculator, enter: N = 5, I = 0, PMT = -400, and FV = 0. PV = $2,000.00. d. Rework Parts a, b, and c assuming they are annuities due d. 1. 0 ADVANCE \r11 2 3 4 5 6 7 8 9 ADVANCE \l210  | | | | | | | | | | | 400 400 400 400 400 400 400 400 400 400 PV = ? With a financial calculator on BEG, enter: N = 10, I = 10, PMT = -400, and FV = 0. PV = $2,703.61. 2. 0 1 2 3 4 5  | | | | | | 200 200 200 200 200 PV = ? With a financial calculator on BEG, enter: N = 5, I = 5, PMT = -200, and FV = 0. PV = $909.19. 3. 0 1 2 3 4 5  | | | | | | 400 400 400 400 400 PV = ? With a financial calculator on BEG, enter: N = 5, I = 0, PMT = -400, and FV = 0. PV = $2,000.00. 10% 5% 0% ! " Z  & ( ) % &     # $ / 0 ] ^ i j m n D E F q r Ţ jhEhAUmHnHuhy3hA@$jhy3hA@UmHnHuhhf?hAhehZhA@hZhAOJQJ jhZhAUmHnHujhZhAU hZhAh_H3qr" Z [   & ' ( Q z {  8$ 8^8gdA !8d1$gdA 88`8gdA 8`gdAgd_H  % N w x   m  8`gdA 8$ 8^8gdA !8d1$gdA 88`8gdA 8`gdAgd_H E q &'S|  gdAgd_H !8d1$gdA 8`gdA 88d`8gdA 8$ ^gdA 8gdAr %&'(ST{|  hkZ6hy3hA@ jhEhAUmHnHu hlhAhAhEhACJhEhAOJQJ hEhAgd_HgdA 1h/ =!"#$%@@@ NormalCJ_HaJmH sH tH DA@D Default Paragraph FontRi@R  Table Normal4 l4a (k(No ListZ`Z AHeader$ !d1$a$CJOJPJQJaJh    qr"Z[&'(Qz{%NwxmEq&'S|  000000000 00 00 0000000 00 00 00 00 00000x@0@0@0@0@0@0@0@0@0@0@0x@0x@0x@0x@0@0@0@0@00x@0@0@0@0@0@00 r     #/]iT T T T 8  @j (  nB  0D?"nB  0D?"nB  0D?"T  C  T  C  T  C  nB  0D?"nB   0D?"nB   0D?"B S  ?(%mEq'S=t7t5t-> tDt$( t 5t,J t Dt.1368;=@BEGJLOQTVYadhkorvy^aehlosv rs%()1TWQT 33333333333333   Qtz1-3QI!Mp )\Rf3D/ N XFVJf_D/{Irm1t?jTpb+i:~+&Uy !!`"_#$$9 &??'t'Sr()w?*+B+L+,--&%.b/<0:\0qK1mO1 23|3h44c47E5b5Bf? )CL:MASM%;fFWhgEmIsSD&G >N3C?!<|JJ'u|24Y my-B;_HMMZ^u+i2kk#1( 4uAvW&&#:d 6=0UsjQKQd}c3RICe^H=GS1)) xeM0:W.< j:L\}@  j  @UnknownG:Ax Times New Roman5Symbol3& :Cx Arial[5  WP BoxDrawingCourier New?5 :Cx Courier New;(SimSun[SO"qhᦺ   !24 3Q H ?N[OPRESENT VALUE OF AN ANNUITY Find the present values of these ordinary annuities BusinessTutor BusinessTutorOh+'0 ,< T` |  PPRESENT VALUE OF AN ANNUITY Find the present values of these ordinary annuitiesBusinessTutorNormalBusinessTutor2Microsoft Word 10.0@2~@F:@4> ՜.+,D՜.+,D hp  $Hewlett-Packard  PPRESENT VALUE OF AN ANNUITY Find the present values of these ordinary annuities TitleH 6> MTWinEqns   !"#$%&()*+,-.01234569Root Entry F`>;Data 1TablelWordDocument"SummaryInformation('DocumentSummaryInformation8/CompObjj  FMicrosoft Word Document MSWordDocWord.Document.89q