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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

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