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# Present value of an annuity

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What is the present value of the following annuities?

1.\$2,500 a year for 10 years discounted back to the present at 7 percent

2.\$70 a year for 3 years discounted back to the present at 3 percent

3.\$280 a year for 7 years discounted back to the present at 6 percent

4.\$500 a year for 10 years discounted back to the present at 10 percent

Can you help me get started with this assignment?

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#### Solution Preview

** The answers are in attached file **

What is the present value of the following annuities?

1.\$2,500 a year for 10 years discounted back to the present at 7 percent

2.\$70 a year for 3 years discounted back to the present at 3 ...

#### Solution Summary

Calculates the present value of an annuity.

\$2.19