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What is the present worth of the series of payments

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Problem 1: What is the present worth of the following series of payments?

1. $6,000 at the end of each year for eight years at 7% compounded annually ?

2. $5,500 at the end of each year for 15 years at 9% compounded annually ?

3. $3,900 at the end of each year for 13 years at 8% compounded annually ?

4. $29,300 at the end of each year for eight years at 6% compounded annually ?

Reference no: EM132721456

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