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. $900 per year for 16 years at 4%. $ $450 per year for 8 years at 2%. $ $300 per year for 6 years at 0%. $ Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent. $900 per year for 16 years at 4%. $ $450 per year for 8 years at 2%. $ $300 per year for 6 years at 0%.

    Present treasure of annuity=Annuity[1-(1+share blame)^-time period]/rate

    1.Present treasure=900[1-(1.04)^-16]/0.04

    = 900*11.65229561

    =$10487.07(Approx)

    2.Present treasure=450[1-(1.02)^-8]/0.02

    =450*7.32548144

    =$3296.47(Approx).

    3.Present treasure=300*6

    =$1800

    Present treasure of annuity due=Present treasure of annuity*(1+share blame)

    4.Present treasure=$10487.07*1.04

    =$10906.55(Approx).

    5.Present treasure =$3296.47*1.02

    =$3362.40(Approx).

    6.Present treasure=300*6

    =$1800Comment