Calculate the present value of an annual payment

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Reference no: EM13885112

Calculate the present value of an annual payment of $920.00 you would received for 10 years if the interest rate is 7.01%. (Do not round intermediate calculations. Round your answer to 2 decimal places) Present value $ a-2. Calculate the present value of an annual payment of $782.00 you would received for 17 years if the interest rate is 7.01%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value $ b-1. Calculate the present value of an annual payment of $920.00 you would received for 10 years if the interest rate is 12.90%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value $ b-2. Calculate the present value of an annual payment of $782.00 you would received for 17 years if the interest rate is 12.90%. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Reference no: EM13885112

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